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Malaysia's government forecast crude palm oil prices of RM 4,000 to 4,500 per ton in 2024. Indonesian palm plantation stocks surged after the CPO exchange launched on October 13, and the local CPO tender rose 1.91%.
A government price range near current levels signals firm expectations for 2024 palm values, while the Indonesian exchange launch affects domestic price discovery.
en.infosawit.comOct 15, 2023After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
