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The Malaysian Palm Oil Council projects palm oil prices to find support at RM3,900 a tonne in June, with gains likely capped near RM4,150. It cites tighter combined Malaysian and Indonesian supply in late 2024 and rising exports, while Malaysian production and stocks rose in January-May.
A tighter second-half supply outlook and rising exports point to firmer palm oil prices, though USDA projections of oilseed surpluses limit the upside.
nst.com.myFaiqah KamaruddinJun 14, 2024After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
