# Palm oil prices cool | The Western Producer

> A Fastmarkets analyst expects only a modest improvement in global palm oil output in 2024 and no strong demand catalyst for higher prices. Prices have fallen to about half their 2022 peak after easing from an April 2024 rebound, and Malaysian crude palm oil futures are expected to trade between 3,600 and 4,000 ringgit.

- Date: 2024-06-25 · published 2024-06-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29874-palm-oil-prices-cool-the-western-producer
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Expected range-bound prices and weak demand catalysts limit price support for canola and other vegetable oils from palm oil. The expected La Niña arrival could eventually boost palm output.

## Read by commodity

- CANMEAL: neutral
- PALMOIL: neutral

## Sources

- producer.com: https://www.producer.com/news/palm-oil-prices-cool/

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