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The Malaysian Palm Oil Board (MPOB) and Maybank Research expect the Malaysian palm market to grow only slightly in 2023. They forecast crude palm oil prices to fall this year, reflecting higher supply of competing oils and a stronger ringgit.
Expected lower palm prices and record South American soybean supply point to ample global vegoil availability. This favors cheaper vegetable oil inputs for feed producers in 2023.
ukragroconsult.comJan 4, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
