# Dorab Mistry sees CPO at RM3,000 | I3investor

> Analyst Dorab Mistry outlined three scenarios for crude palm oil prices in 2017, with his preferred case holding prices near RM3,000 per tonne until the fourth quarter. His bullish case rests on a possible El Niño developing in Southeast Asia by June and lower Malaysian and Indonesian output.

- Date: 2017-05-21 · published 2017-05-21T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71098-dorab-mistry-sees-cpo-at-rm3-000-i3investor
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A renewed El Niño risk to Southeast Asian palm output is the main upside driver, while tight stocks support prices in the near term.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-10-31 | [IOI Group: Malaysia sees La Nina pushing CPO prices above RM3,000/tonne](https://feedsoft.ai/events/68564-ioi-group-malaysia-sees-la-nina-pushing-cpo-prices-above-rm3-000-tonne.md) | +1.2% | -0.2% |
| PALMOIL | 2020-10-07 | [Black Sea Futures at All-Time Highs - ADM Investor Services](https://feedsoft.ai/events/12137-black-sea-futures-at-all-time-highs-adm-investor-services.md) | +4.4% | +8.0% |
| PALMOIL | 2016-12-02 | [Crude Palm Oil (CPO) Industry Indonesia: What about 2017? \| Indonesia Investments](https://feedsoft.ai/events/73371-crude-palm-oil-cpo-industry-indonesia-what-about-2017-indonesia-investments.md) | +1.9% | +1.3% |
| PALMOIL | 2023-09-19 | [Global Ag News for Sept 19.23 - ADM Investor Services](https://feedsoft.ai/events/34184-global-ag-news-for-sept-19-23-adm-investor-services.md) | -0.4% | -3.1% |
| PALMOIL | 2026-08-28 | [IOI Corp sees strong FY27 on elevated CPO prices \| The Star](https://feedsoft.ai/events/4539-ioi-corp-sees-strong-fy27-on-elevated-cpo-prices-the-star.md) | +4.5% | +1.3% |

## Sources

- klse.i3investor.com: https://klse.i3investor.com/web/blog/detail/huat8888/2017-05-21-story-h1450573382-Dorab_Mistry_sees_CPO_at_RM3_000

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