# CPO price outlook remains robust | Borneo Post Online

> Kenanga Research raised its 2020 CPO price forecast from RM2,400 to RM2,700 per tonne and expects prices to trade between RM2,700 and RM3,100 in the first half. The forecast cites continued production decline, biodiesel mandates in Indonesia and Malaysia, and a wider soyoil-palm oil premium.

- Date: 2020-01-02 · published 2020-01-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/5454-cpo-price-outlook-remains-robust-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher analyst price outlook reflects expected tightness in vegetable oil supply, pointing to firmer palm oil prices and some support for soyoil.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-01-02 | 5 | +10.9% | 3.8 | Kenanga's raised 2020 CPO forecast, citing falling production, Indonesian and Malaysian biodiesel mandates and a wider soyoil-palm premium, supports bullish sentiment and fundamentals during the rally window. |

## Sources

- theborneopost.com: https://www.theborneopost.com/2020/01/03/cpo-price-outlook-remains-robust/

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