# Crude palm oil seen capped at 3,300 ringgit for next 6 months

> An LMC International analyst told an industry conference that benchmark palm oil prices will not rise above 3,300 ringgit in the first half of 2020. Prices had climbed 36% since October to a three-year high of 3,150 ringgit before pulling back on the India-Malaysia dispute. The analyst said palm has lost its price advantage over sunflower and soy oils.

- Date: 2020-01-16 · published 2020-01-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55180-crude-palm-oil-seen-capped-at-3-300-ringgit-for-next-6-months
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A price ceiling and lost competitiveness versus other oils could limit palm demand in importing markets. Buyers of palm-based ingredients may gain room to substitute other vegetable oils.

## Read by commodity

- PALMOIL: neutral

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/crude-palm-oil-seen-capped-at-3300-ringgit-for-next-6-months

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