The Malaysian Palm Oil Council expects crude palm oil to trade between MR4,000 and MR4,300 per tonne in March, supported by seasonal output and stock declines. Benchmark prices have fallen 5.6% since late January after a two-month high on Jan.
29.
Seasonal supply tightening and steady Indonesian front-loading ahead of the March export levy hike point to a firm palm floor, which supports vegetable oil prices and competes with soyoil for Indian demand.
Not enough comparable past events yet for a historical read.
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.