# Crude palm oil prices likely to remain high through the first quarter of 2025

> CGS International analyst Jacqueline Yow expects crude palm oil prices to stay high until at least the first quarter of 2025. Prices hit a two-year high of 4,693 ringgit a tonne on October 28, and the analyst cites lower year-end inventories and holiday demand.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4986-crude-palm-oil-prices-likely-to-remain-high-through-the-first-quarter-of-2025
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of low inventories and firm Q1 demand point to sustained palm price strength, keeping palm-based feed fat costs elevated.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-04 | 5 | +9.9% | 4.2 | Prices hit a two-year high of 4,693 ringgit on Oct 28 and analysts expect lower year-end inventories, reinforcing bullish sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-07 | [First Resources' crude palm oil production up 38.4% in Q4 \| Singapore Business Review](https://feedsoft.ai/events/72568-first-resources-crude-palm-oil-production-up-38-4-in-q4-singapore-business.md) | -1.0% | -7.3% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |
| PALMOIL | 2024-04-29 | [World Bank Predicts Palm Oil Prices to Strengthen in 2024](https://feedsoft.ai/events/30835-world-bank-predicts-palm-oil-prices-to-strengthen-in-2024.md) | -6.1% | -5.0% |
| PALMOIL | 2024-01-11 | [Tight palm oil supplies to support prices in 2024: MPOB \| S&P Global](https://feedsoft.ai/events/32228-tight-palm-oil-supplies-to-support-prices-in-2024-mpob-s-and-p-global.md) | +1.5% | +0.2% |
| PALMOIL | 2019-12-11 | [Lower November palm oil inventory pushes CPO prices higher](https://feedsoft.ai/events/55659-lower-november-palm-oil-inventory-pushes-cpo-prices-higher.md) | -0.3% | +9.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/crude-palm-oil-prices-likely-to-remain-high-through-the-first-quarter-of-2025/

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