# Mistry: Palm oil prices to rise to RM2,200 by September | Borneo Post Online

> Analyst Dorab Mistry forecast that Malaysian palm oil futures could rise to 2,200 ringgit a tonne by September 2019. He expects prices to fall back to about 2,000 ringgit later as stocks build. He raised his 2019 Malaysian output forecast to 20.3 million tonnes and assumed Brent crude between $60 and $80 a barrel.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6468-mistry-palm-oil-prices-to-rise-to-rm2-200-by-september-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected production constraints ahead of the September season support prices, while rising stocks later could reverse the gains.

## Read by commodity

- BRENT: neutral
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-31 | 1 | +3.6% | 6.7 | Dorab Mistry's forecast of a rise to 2,200 ringgit by September, published on the day of the jump, would have lifted sentiment and encouraged buying. |
| PALMOIL | 2019-08-01 | 1 | +3.6% | 5.0 | Mistry's forecast of 2,200 ringgit by September fed bullish sentiment and buying interest on July 31, supporting a sharp price rise. |

## Sources

- theborneopost.com: https://www.theborneopost.com/2019/08/01/mistry-palm-oil-prices-to-rise-to-rm2200-by-september/

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