# BMI raises 2024 CPO price forecast amid market volatility

> BMI raised its 2024 forecast for Bursa Malaysia third-month crude palm oil futures to RM3,850 per tonne from RM3,750. It expects ample supply, competing edible oils and uncertain import demand to weigh on prices into 2025.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28874-bmi-raises-2024-cpo-price-forecast-amid-market-volatility
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher forecast reflects firmer near-term prices, but BMI still sees bearish pressure from supply and the EU deforestation rules, with Middle East tensions as the main upside risk.

## Read by commodity

- PALMOIL: neutral

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/723596

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.