# Lower production in Oct-Nov may push up CPO futures prices, says Palm Oil Analytics | Malay Mail

> Singapore-based Palm Oil Analytics expects CPO futures to hold RM2,800-2,900 a tonne and possibly reach RM3,000 if October and November production falls. The firm projects Malaysian 2020 output down 1.8% to 19.5 million tonnes and exports down 8% to 17 million tonnes. Prices are forecast to ease slightly in early 2021.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50740-lower-production-in-oct-nov-may-push-up-cpo-futures-prices-says-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast decline in Malaysian output through year-end would tighten vegetable oil supply and support palm prices. Lower exports to India also weigh on demand for palm and substitute oils.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2020/10/27/lower-production-in-oct-nov-may-push-up-cpo-futures-prices-says-palm-oil-an/1916888

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