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Malaysia's palm oil marketing board MPOC said palm oil at 3,900 ringgit ($889) per tonne is reasonably priced, so demand from China and India is expected to rise. It expects prices to hold near that level, supported by a recovery in soyoil prices.
Malaysian palm contract prices are down 12% this year as output is expected to rise.
Stronger expected buying from the two largest importers would support palm oil and competing vegetable oil prices. Rising output in the coming months limits how far prices can recover.
reuters.comApr 22, 2025After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
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.
