Loading…
Oil World CEO Thomas Mielke expects palm oil prices to fall toward $40-50 a ton from about $630 over the coming months, as April-September brings a global output surplus and stock building in Malaysia and Indonesia. He projects global output of 70.5 million tons in 2018 and sees possible price recovery in 2019-20 if a deficit emerges.
A forecast surplus and growing stocks point to lower palm oil prices in the near term, with tighter supply possibly returning later.
brandspurng.comApr 14, 2018After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
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.
