# FGV sees palm oil range at between $491.8 and $614.7 per ton  : The Daily Digest

> Reuters reports that FGV, Malaysia's largest palm oil producer, forecasts crude palm oil prices in a range of $491.8 to $614.7 per tonne. The company cites domestic biodiesel blending and export growth, and says limited feedstock has forced it to shut six mills.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60692-fgv-sees-palm-oil-range-at-between-491-8-and-614-7-per-ton-the-daily-digest
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected demand growth from biodiesel blending supports firmer palm prices, while feedstock shortages constrain supply.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/fgv-sees-palm-oil-range-at-between-491-8-and-614-7-per-ton/

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