# Agriculture Commodity Watch Indonesia: Crude Palm Oil | Indonesia Investments

> Crude palm oil prices fell 0.56% to 2,502 ringgit per tonne on the Malaysian exchange and are down 14.48% year to date. Analysts expect prices to decline through June, with a likely trading range of 2,400-2,700 ringgit.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71095-agriculture-commodity-watch-indonesia-crude-palm-oil-indonesia-investments
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A stronger ringgit, weaker crude oil after OPEC's extension, and expected US soybean expansion all point to softer palm oil prices despite Ramadan demand.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/agriculture-commodity-watch-indonesia-crude-palm-oil/item7864

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