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Analyst Dorab Mistry forecast crude palm oil could rise to 3,100 ringgit per tonne by January 2018, as stockpiles remain below prior-year levels despite high production. He also said refined palm olein could reach US$750 per tonne FOB and that South American soy crop problems could add about US$50.
Tight inventories and a possible South American soybean shortfall would lift vegetable oil prices and support demand for substitute oils and meals.
thestar.com.myThe Star OnlineNov 3, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
