# Palm oil prices may rise to RM3,100 per tonne by Jan 2018 - Mistry | The Star

> 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.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68088-palm-oil-prices-may-rise-to-rm3-100-per-tonne-by-jan-2018-mistry-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight inventories and a possible South American soybean shortfall would lift vegetable oil prices and support demand for substitute oils and meals.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/11/03/palm-oil-prices-may-rise-to-rm3100-per-tonne-by-jan-2018---mistry/

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