# Mistry: Palm futures may rise to RM2,700

> 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.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/66115-mistry-palm-futures-may-rise-to-rm2-700
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower production estimates and possible biodiesel demand growth support higher palm oil prices, though recent Indian duty hikes have weighed on sentiment.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/03/07/mistry-palm-futures-may-rise-to-rm2700/

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