# Palm oil prices to decline in next two months, India demand to remain weak: analyst Dorab Mistry- Moneycontrol.com

> Analyst Dorab Mistry forecast Malaysian palm oil will fall to 2,100 ringgit a tonne within two months as output rises from July. Prices were flat at 2,315 ringgit on June 28 but had lost 4.7% in June on weak Indian demand and Malaysia's reinstated export tax.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/64412-palm-oil-prices-to-decline-in-next-two-months-india-demand-to-remain-weak
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected seasonal output increases and weak Indian import demand point to lower palm prices, and palm could gain share against soyoil if China shifts feed use toward DDGS.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- DDGS: bullish ▲
- PALMOIL: bearish ▼

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/palm-oil-prices-decline-next-two-months-india-071704814--finance.html
- moneycontrol.com: https://www.moneycontrol.com/news/business/economy/palm-oil-prices-to-decline-in-next-two-months-india-demand-to-remain-weak-analyst-dorab-mistry-2646551.html

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