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Veteran trader Dorab Mistry forecasts palm oil futures will trade between RM4,000 and RM4,400 per tonne from October to February, slipping slightly in March. He attributes support to Indonesia's biofuel mandate and higher export taxes, and expects Malaysian output to recover only after Ramadan next year.
A forecast of firm palm oil prices through winter tightens the outlook for vegetable oil supplies, supporting soybean oil and related feed-protein alternatives.
freemalaysiatoday.comBloombergSep 25, 2021Not 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.
