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CGS-CIMB summarized a virtual palm oil conference where speakers were generally positive on crude palm oil prices through end-2020. Speakers expected prices of RM2,500-3,000 per tonne, citing tight edible oil stocks, La Nina concerns, and labour shortages in Malaysia that could hurt fruit yields.
Expectations of tight edible oil supply through early 2021 support palm oil prices, and higher vegetable oil costs can also lift the cost of palm-based feed ingredients such as PFAD and palm kernel meal.
research.sginvestors.ioSGinvestorsOct 30, 2020Not 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.
