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Phillip Futures analyst David Ng expects Bursa Malaysia CPO prices to trade between RM2,450 and RM2,500 per tonne in 2018, weaker in the second half as production recovers. He noted Argentine drought as a potential upside for palm via soyoil and a strengthening ringgit as a factor.
A forecast of second-half weakness on production recovery is a bearish signal for palm oil prices, partly offset by soyoil support from Argentina's drought.
theborneopost.comeditoronMar 26, 2018Not enough comparable past events yet for a historical read.
Not 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.
