# CPO to trade up to RM2,600 next year

> Moody's raised its medium-term crude palm oil price range to RM2,200-2,600 per tonne for the next 12 months, citing continued supply constraints. The benchmark futures contract closed the week at RM3,288, an eight-and-a-half-year high. Moody's expects current highs to be unlikely to persist.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50249-cpo-to-trade-up-to-rm2-600-next-year
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The forecast signals analysts expect palm prices to ease from record-era highs, which could cap vegetable oil input costs over time. Labour and weather constraints remain supportive near term.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-12-20 | [Palm oil production expected to return in earnest next year: OCBC](https://feedsoft.ai/events/43694-palm-oil-production-expected-to-return-in-earnest-next-year-ocbc.md) | +1.3% | +11.0% |
| PALMOIL | 2020-05-15 | [Summary Of The Webinar On Mitigating The Impact Of Covid-19 On Malaysian Palm Oil Trade – MPOC](https://feedsoft.ai/events/52993-summary-of-the-webinar-on-mitigating-the-impact-of-covid-19-on-malaysian-palm.md) | +4.0% | +18.0% |
| PALMOIL | 2023-10-15 | [Palm Oil News, Palm Oil Price, Palm Oil Updates, Palm Oil Trends, InfoSAWIT English](https://feedsoft.ai/events/33746-palm-oil-news-palm-oil-price-palm-oil-updates-palm-oil-trends-infosawit-english.md) | -0.2% | +2.8% |
| PALMOIL | 2018-12-05 | [Malaysia: October trade surplus at all-time high \| articles \| ING THINK](https://feedsoft.ai/events/61803-malaysia-october-trade-surplus-at-all-time-high-articles-ing-think.md) | -0.2% | +8.0% |
| PALMOIL | 2021-11-02 | [CPO Price Sentiment For 2021 – MPOC](https://feedsoft.ai/events/9235-cpo-price-sentiment-for-2021-mpoc.md) | -1.5% | -0.4% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/11/23/cpo-to-trade-up-to-rm2600-next-year/

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