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A Reuters poll of 11 traders, analysts and industry participants expects Malaysian crude palm oil futures to average 4,350 ringgit a metric ton in 2025, up 5.4% from 2024. Indonesia's growing palm oil-based biodiesel consumption is the main support, though cheaper competing oils are expected to limit gains.
A higher consensus average points to firmer palm oil prices, which lift the cost of palm-based feed ingredients. Competition from cheaper vegetable oils caps the upside for buyers.
reuters.comAshley TangJan 21, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
