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Indonesia's palm oil association GAPKI expects crude palm oil prices to stay near $1,000 per tonne through the first half of 2022. State-owned Bank Mandiri forecasts a correction to an average of $879 per tonne in 2022 as US monetary policy tightens and output outpaces consumption.
Analysts disagree on direction, with producers expecting firmness while bank forecasts point to a decline, so buyers should expect price volatility in palm-based feed fats.
thejakartapost.comDivya KaryzaDec 6, 2021Not 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.
