# Sime Darby Plantation expects CPO prices to firm up | Malay Mail

> 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.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60690-sime-darby-plantation-expects-cpo-prices-to-firm-up-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2019/02/28/sime-darby-plantation-expects-cpo-prices-to-firm-up/1727888

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