Loading…
Sime Darby Plantation expects crude palm oil prices to firm between April and August 2019 to RM2,250-2,450 per tonne, while not expecting prices above RM2,002 in March. The company cited strong demand from China and India, but also pressure from the US-China trade war, the EU biofuel proposal and Indonesian surplus output.
A forecast of firmer palm oil prices from the largest plantation company supports the price outlook from mid-year, though near-term prices are expected to stay soft.
malaymail.comFeb 28, 2019Not 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.
