# Crude palm oil outlook: MARC Ratings forecasts slightly positive trend - MARC

> MARC Ratings forecasts a slightly positive palm oil price trend into 2024, with futures projected between RM3,700 and RM4,100 per ton. The outlook cites seasonal production, hotter weather, and growing biofuel demand, while noting sunflower oil prices had recovered from selling pressure.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15692-crude-palm-oil-outlook-marc-ratings-forecasts-slightly-positive-trend-marc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Forecast firmness in palm oil and biofuel-driven demand supports palm and soybean oil prices, while sunflower oil recovery may cap upside.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲
- SUNMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-02-18 | [Mixed forecasts for palm oil at POC2026](https://feedsoft.ai/events/20695-mixed-forecasts-for-palm-oil-at-poc2026.md) | +0.6% | +9.5% |
| PALMOIL | 2024-02-29 | [Brighter Outlook for Malaysian Oil Palm Industry This Year](https://feedsoft.ai/events/9426-brighter-outlook-for-malaysian-oil-palm-industry-this-year.md) | +4.9% | +8.8% |
| PALMOIL | 2022-12-05 | [Malaysia’s end-Nov palm oil stocks seen down slightly as output falls - Markets - Business Recorder](https://feedsoft.ai/events/38334-malaysia-s-end-nov-palm-oil-stocks-seen-down-slightly-as-output-falls-markets.md) | +1.3% | +7.0% |
| PALMOIL | 2017-10-19 | [Mistry cuts palm oil production forecast, sees prices climbing](https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing.md) | +0.6% | +1.4% |
| PALMOIL | 2022-04-15 | [EIA’s latest energy outlook forecasts US renewable diesel supply to…](https://feedsoft.ai/events/15403-eia-s-latest-energy-outlook-forecasts-us-renewable-diesel-supply-to.md) | +1.2% | -0.3% |
| SBO | 2024-02-29 | [Brighter Outlook for Malaysian Oil Palm Industry This Year](https://feedsoft.ai/events/9426-brighter-outlook-for-malaysian-oil-palm-industry-this-year.md) | +0.5% | +7.2% |
| SBO | 2021-10-21 | [Argentina’s oilseed crushing rate forecast to drop](https://feedsoft.ai/events/44400-argentina-s-oilseed-crushing-rate-forecast-to-drop.md) | -1.1% | -6.0% |
| SBO | 2022-04-15 | [EIA’s latest energy outlook forecasts US renewable diesel supply to…](https://feedsoft.ai/events/15403-eia-s-latest-energy-outlook-forecasts-us-renewable-diesel-supply-to.md) | +3.2% | +2.7% |

## Sources

- marc.com.my: https://www.marc.com.my/views/crude-palm-oil-outlook-marc-ratings-forecasts-slightly-positive-trend/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.