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Crude palm oil prices fell 3.85% in Q1 2018 to 2,425 ringgit per tonne, driven by rising output in Indonesia and Malaysia, which together account for about 85% of global CPO production. Analysts also cite the EU proposal to ban palm oil in biofuel from 2021 and higher Indian import duties as pressures.
Higher output and policy headwinds weigh on palm oil prices, though seasonal production easing in April-May and pre-Ramadan demand may offer some support.
indonesia-investments.comIndonesia InvestmentsApr 6, 2018Not 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.
