# RAM Ratings revises upwards CPO price forecast amid sturdy demand and tight supply of vegetable oils

> RAM Ratings raised its 2021 crude palm oil price forecast to RM3,200 per tonne from RM2,300-2,500. The firm cited sturdy demand and tight vegetable oil supply, noting CPO averaged RM3,831 in early 2021 and 2020 output fell 4%.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48226-ram-ratings-revises-upwards-cpo-price-forecast-amid-sturdy-demand-and-tight
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher palm price forecast reflects tight vegetable oil supply, supporting palm and soyoil prices and raising costs for feed buyers using vegetable oil-based inputs. The firm still expects prices to ease in the second half as output recovers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ram.com.my: https://www.ram.com.my/pressrelease/?prviewid=5623

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