# CPO seen at US$590 per tonne by year end | Borneo Post Online

> LMC International analyst Julian McGill forecasts crude palm oil at US$590 per tonne CIF Rotterdam by year end, supported by free-market biodiesel demand. He expects soyoil to fall to US$700 per tonne, citing the US-China trade war and biofuel waivers that cut US biodiesel demand. Palm prices are at two-month lows on rising production and stocks.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63128-cpo-seen-at-us-590-per-tonne-by-year-end-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected weakness in soyoil and rising palm stocks point to softer vegetable oil prices, while biodiesel demand provides some support for palm.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-30 | 1 | -2.5% | -5.1 | LMC's $590/t year-end CPO forecast and soyoil downside, with palm at two-month lows on rising production and stocks, weigh on sentiment. |

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/09/29/cpo-seen-at-us590-per-tonne-by-year-end/

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