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A Reuters poll of 14 traders, planters and analysts forecasts Indonesian and Malaysian palm oil output will reach new highs in 2018 as yields recover from the El Nino-hit 2017. Benchmark prices are forecast to average 2,620 ringgit a tonne, about 7% below 2017.
Higher supply from the two producers that account for nearly 90% of world output points to lower palm oil prices, which weighs on vegetable oil and feed-fat alternatives for buyers.
thestar.com.myThe Star OnlineJan 28, 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.
