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Crude palm oil prices are holding firm despite rising Malaysian stockpiles, as the market looks ahead to tighter 2027 supply. Analysts have raised forecasts on El Niño, Indonesia's B50 mandate and disruptions to competing vegetable oils.
SD Guthrie sees prices of RM4,600-5,000 per tonne for the rest of the year.
Expectations of tighter supply in 2027 and strong biodiesel demand support palm oil prices even with higher near-term inventories.
Not 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.