
SD Guthrie's managing director said CPO is likely to keep trading at a discount to soybean oil in the near term, as output rises in Malaysia and Indonesia. He expects Indonesian output to grow 5-10% this year and Malaysian output 1-5%.
He noted that a premium would push buyers toward cheaper oils, as seen in India.
Expected higher palm output and a persistent discount to soyoil favor cheaper palm supplies for feed and food blenders, capping palm and supporting soyoil demand relative to palm.
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.