# Palm Oil News, Palm Oil Price, Palm Oil Updates, Palm Oil Trends, InfoSAWIT English

> 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%.

- Date: 2023-10-15 · published 2023-10-15T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33746-palm-oil-news-palm-oil-price-palm-oil-updates-palm-oil-trends-infosawit-english
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A government price range near current levels signals firm expectations for 2024 palm values, while the Indonesian exchange launch affects domestic price discovery.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-02-18 | [Malaysian palm oil prices seen steady in 2019 \| FMT](https://feedsoft.ai/events/60459-malaysian-palm-oil-prices-seen-steady-in-2019-fmt.md) | -0.2% | -6.7% |
| PALMOIL | 2016-12-14 | [Sustainable palm oil use in Europe](https://feedsoft.ai/events/73492-sustainable-palm-oil-use-in-europe.md) | -0.4% | -0.5% |
| PALMOIL | 2018-06-10 | [Rabobank: Global palm oil prices likely to be bullish after 2021 \| The Star](https://feedsoft.ai/events/64637-rabobank-global-palm-oil-prices-likely-to-be-bullish-after-2021-the-star.md) | -1.1% | -5.6% |
| PALMOIL | 2026-03-01 | [Palm oil prices likely to hover around current prices in March, says industry council](https://feedsoft.ai/events/20689-palm-oil-prices-likely-to-hover-around-current-prices-in-march-says-industry.md) | +5.0% | +8.4% |
| PALMOIL | 2017-12-17 | [Palm Oil News - Consistent Biodiesel Absroption](https://feedsoft.ai/events/67570-palm-oil-news-consistent-biodiesel-absroption.md) | -0.9% | +3.6% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/index/5780

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