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Veteran trader Dorab Mistry said palm oil may fall below 4,000 ringgit per tonne by April as it competes with a large flow of South American soyoil in price-sensitive markets such as India. Palm futures were at 4,155 ringgit in Kuala Lumpur at the time.
A forecast of lower palm prices driven by soyoil competition signals softer vegetable oil prices and pressure on palm-based feed ingredients.
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.