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JPMorgan expects crude palm oil prices to recover gradually in 2019 after a roughly 18% rebound from the November 2018 low of RM1,773 a tonne. The bank forecasts RM2,500 a tonne for 2019 and a more bullish 2020, citing lower Malaysian yields and slower Indonesian area growth.
Expected inventory drawdowns and rising biodiesel and Indian demand support palm oil prices, while a US-China trade dispute could shift Chinese edible oil demand from soy to palm.
themalaysianreserve.comDzulJan 10, 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.
