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Palm oil prices are expected to stay elevated in the short term, according to analysts cited by The Hindu BusinessLine. Malaysian palm oil futures rose above MYR 3,930 per tonne, and BMI raised its end-2024 price forecast to MYR 3,850 from MYR 3,750 while still expecting bearish pressure into 2025.
Lower Indonesian output, planned higher biodiesel blending and Indian festival demand tighten palm supply, supporting palm oil prices and competing vegetable oil values.
thehindubusinessline.comSubramani Ra MancombuAug 28, 2024Not 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.
