# RAM Ratings revises average CPO price forecast upwards | Borneo Post Online

> RAM Ratings raised its 2017 average crude palm oil price forecast to RM2,700-2,900 per tonne from RM2,300-2,500. It expects 2018 prices to fall back to RM2,300-2,500 as stocks rise and soybean oil supply competes.

- Date: 2017-09-24 · published 2017-09-24T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/68830-ram-ratings-revises-average-cpo-price-forecast-upwards-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Analyst forecasts point to firm palm oil prices through 2017 but a lower outlook for 2018, which signals softer vegetable oil and meal pricing ahead.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-04-29 | [Fitch Revises 2021 Palm Oil Price Upwards But Bearish On 2022 Outlook](https://feedsoft.ai/events/47699-fitch-revises-2021-palm-oil-price-upwards-but-bearish-on-2022-outlook.md) | +3.3% | +9.2% |
| PALMOIL | 2021-11-02 | [Moody’s revises upward 2022 CPO price sensitivity range to RM2,800-RM3,200 per tonne](https://feedsoft.ai/events/9233-moody-s-revises-upward-2022-cpo-price-sensitivity-range-to-rm2-800-rm3-200-per.md) | -1.5% | -0.4% |
| PALMOIL | 2023-11-30 | [Crude palm oil outlook: MARC Ratings forecasts slightly positive trend - MARC](https://feedsoft.ai/events/15692-crude-palm-oil-outlook-marc-ratings-forecasts-slightly-positive-trend-marc.md) | -2.6% | -2.4% |
| PALMOIL | 2023-07-27 | [UOB Kay Hian raises CPO forecast to RM4,200 per tonne in 2024 on tight supplies from Malaysia, Indonesia](https://feedsoft.ai/events/35139-uob-kay-hian-raises-cpo-forecast-to-rm4-200-per-tonne-in-2024-on-tight-supplies.md) | +0.3% | -3.9% |
| PALMOIL | 2017-10-19 | [Mistry cuts palm oil production forecast, sees prices climbing](https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing.md) | +0.6% | +1.4% |
| SBO | 2024-12-12 | [Sunflower prices in Ukraine rose amid supply shortages, but pressure on them increased as production forecast increased in USDA report](https://feedsoft.ai/events/27069-sunflower-prices-in-ukraine-rose-amid-supply-shortages-but-pressure-on-them.md) | -2.8% | +0.7% |
| SBO | 2025-08-14 | [Soybean Prices Reverse Losses on Bullish WASDE - American Soybean Association](https://feedsoft.ai/events/12450-soybean-prices-reverse-losses-on-bullish-wasde-american-soybean-association.md) | -3.9% | -3.7% |
| SBO | 2019-06-12 | [USDA forecast for world soybean meal production reduced — Latifundist.com](https://feedsoft.ai/events/58656-usda-forecast-for-world-soybean-meal-production-reduced-latifundist-com.md) | +4.1% | +2.8% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/09/25/ram-ratings-revises-average-cpo-price-forecast-upwards/

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