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Godrej International's Dorab Mistry sees benchmark palm oil futures rising gradually to RM2,700 per tonne by June, the highest since November. He trimmed Indonesia and Malaysia production estimates by 500,000 tonnes each and flagged possible upside from Indonesian biodiesel use and haze-related tree stress.
Lower production estimates and possible biodiesel demand growth support higher palm oil prices, though recent Indian duty hikes have weighed on sentiment.
themalaysianreserve.comMar 7, 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.
