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Malaysian and regional speakers at the Palm and Lauric Oils Price Outlook Conference 2021 were mostly bullish on crude palm oil prices. Forecasts ranged from RM2,700 to RM4,715 per tonne, with most above RM3,000, while some expected prices to decline from the second quarter.
Analyst forecasts mostly point to elevated palm prices through the first half, with a possible decline later. Tight supply and biofuel demand underpin the outlook for vegetable oil buyers.
nst.com.myNST BusinessMar 26, 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.
