# CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC

> The Malaysian Palm Oil Council expects crude palm oil to trade between RM3,800 and RM4,200 per tonne in the second half of 2024. It cites slowing production growth in Malaysia and Indonesia, with a combined supply deficit of 200,000 tonnes in January to April. Council officials expect steady Indian and Chinese demand, and possible tightening if Indonesia moves to B40 biodiesel blending in 2025.

- Date: 2024-08-01 · published 2024-08-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29383-cpo-prices-set-to-trade-between-rm3-800-and-rm4-200-per-tonne-in-2h2024-says
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slower production growth and stable import demand point to firm palm oil prices in the second half. A possible B40 mandate in 2025 would further reduce exportable supply.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/718216

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