# Analysts upbeat on 2019 CPO price recovery

> 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.

- Date: 2019-01-10 · published 2019-01-10T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61197-analysts-upbeat-on-2019-cpo-price-recovery
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/01/10/analysts-upbeat-on-2019-cpo-price-recovery/

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