# Tighter soy oil supplies seen supporting Malaysian palm oil to $617/ton by midyear  : The Daily Digest

> Local investment banks in Malaysia forecast palm oil could reach $617 per metric ton by midyear, up from about $565 currently. They cite diminishing soybean oil supplies in Argentina and the US, with soyoil up 8% so far this year and Ramadan demand already being priced in.

- Date: 2018-04-16 · published 2018-04-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65610-tighter-soy-oil-supplies-seen-supporting-malaysian-palm-oil-to-617-ton-by
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter soyoil supplies support substitute vegetable oils, so palm oil prices are expected to firm. This is a forecast rather than a new supply shock, which limits its immediate price impact.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/tighter-soy-oil-supplies-seen-supporting-malaysian-palm-oil-to-617-ton-by-midyear/

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