# Malaysia's minister estimates palm oil price to fall in 2018 - Nikkei Asia

> Malaysia's plantation minister said crude palm oil is expected to trade between 2,600 and 2,700 ringgit per ton in 2018, edging lower from this year's levels. He attributed the outlook to rising output and a growing stockpile.

- Date: 2017-11-14 · published 2017-11-14T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68085-malaysia-s-minister-estimates-palm-oil-price-to-fall-in-2018-nikkei-asia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast of softer prices from the top producer's government signals ample palm supply ahead, which tends to weigh on palm and competing vegetable oil and feed-oil values.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/malaysia-s-minister-estimates-palm-oil-price-to-fall-in-2018

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