# Harga CPO Dipengaruhi Produk Substitusi dan Program Substitusi Energi

> Paspi executive director Tungkot Sipayung says palm oil prices are now driven more by substitute products and energy substitution programs than by crude oil. He expects prices to ease toward year-end on large US, Indian and Chinese soybean harvests, but to rise to $720-760 per tonne in 2017 from $700 last year.

- Date: 2017-07-05 · published 2017-07-05T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/70061-harga-cpo-dipengaruhi-produk-substitusi-dan-program-substitusi-energi
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Substitution competition from soy and rapeseed caps palm's upside, while biodiesel mandates in China and the US could support prices into 2018.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- investor.id: https://investor.id/agribusiness/162233/harga-cpo-dipengaruhi-produk-substitusi-dan-program-substitusi-energi

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