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The World Bank's April 2024 Commodity Markets Outlook projects average RBD palm oil prices at US$905 per ton in 2024, up 2.1% from 2023 but below 2021-2022 levels. The bank attributes the increase to weaker Southeast Asian production and tightening stocks, and expects prices to fall in 2025.
A forecast of tighter Southeast Asian supply supports palm prices through 2024, while the expected 2025 decline signals that buyers should plan for easing costs later.
databoks.katadata.co.idAdi AhdiatApr 29, 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.
