# Sime Darby sees palm oil trading between RM2,600 and RM2,700 per tonne

> Sime Darby expects crude palm oil to trade rangebound between 2,600 and 2,700 ringgit per tonne over the next few months. The company cited continued Indonesian consumption for its B20 biodiesel mandate, and reported first-quarter average sales of 2,693 ringgit per tonne.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/68086-sime-darby-sees-palm-oil-trading-between-rm2-600-and-rm2-700-per-tonne
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Steady Indonesian biodiesel demand provides a floor under palm oil prices, limiting downside even as production recovers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-12-29 | [Volatile Biofuels Demand Is Reshaping the Price Relationship between Soybean and Palm Oils](https://feedsoft.ai/events/21600-volatile-biofuels-demand-is-reshaping-the-price-relationship-between-soybean.md) | -0.4% | +2.7% |
| PALMOIL | 2023-04-26 | [Gap Analysis Between RSPO P&C and EUDR - Roundtable on Sustainable Palm Oil (RSPO)](https://feedsoft.ai/events/36439-gap-analysis-between-rspo-p-and-c-and-eudr-roundtable-on-sustainable-palm-oil.md) | -10.4% | -8.8% |
| PALMOIL | 2017-03-29 | [Palm oil and deforestation: closing the gap between commitments and actions - Roundtable on Sustainable Palm Oil (RSPO)](https://feedsoft.ai/events/72019-palm-oil-and-deforestation-closing-the-gap-between-commitments-and-actions.md) | -5.4% | -7.4% |
| PALMOIL | 2023-10-20 | [Cargoes begin trading on Indonesia's ICDX crude palm oil exchange](https://feedsoft.ai/events/33742-cargoes-begin-trading-on-indonesia-s-icdx-crude-palm-oil-exchange.md) | -0.4% | +5.9% |
| PALMOIL | 2023-08-03 | [Palm Oil Magazine - August 2023 Sees a 4.48% Improvement in CPO Reference Price: CPO OF and Levy Stand at US$ 118 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15709-palm-oil-magazine-august-2023-sees-a-4-48-improvement-in-cpo-reference-price.md) | -4.0% | -3.5% |
| SBO | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | +0.3% | -6.0% |
| SBO | 2018-01-10 | [EU heading for ‘zero palm oil’ in transport by 2021](https://feedsoft.ai/events/67017-eu-heading-for-zero-palm-oil-in-transport-by-2021.md) | -3.1% | -3.0% |
| SBO | 2018-06-14 | [EU new palm oil rule seen to be setting up clash with Malaysia, Indonesia](https://feedsoft.ai/events/64410-eu-new-palm-oil-rule-seen-to-be-setting-up-clash-with-malaysia-indonesia.md) | -2.4% | -6.3% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2017/11/304091/sime-darby-sees-palm-oil-trading-between-rm2600-and-rm2700-tonne

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