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Analyst James Fry of LMC International said Malaysian crude palm oil prices could fall nearly 17% from current levels by November or December as overseas demand weakens over winter. He expects futures to drop below RM2,400 per tonne, with prices around RM2,880 at the time of comment.
Seasonal drop in China and European palm oil intake plus a widening discount to sunflower and soy oil points to lower palm prices for the coming months. Lower vegetable oil prices reduce input costs for feed makers using palm-derived fats and meals.
beta.malaymail.comSep 14, 2017Not 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.
