# CPO price to be supported at RM2,500 per MT —Analysts | Borneo Post Online

> Analysts at MIDF Research and others argue that CPO prices would find support at RM2,500 per tonne, challenging LMC's RM2,250 year-end forecast. MIDF notes Malaysian output rose 21% year-on-year in February and that Indonesian biodiesel use of palm oil is increasing. Malaysian palm oil imports fell 44% month-on-month in February.

- Date: 2017-04-07 · published 2017-04-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71606-cpo-price-to-be-supported-at-rm2-500-per-mt-analysts-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The disagreement over the price floor shows the range of market views, and rising biodiesel demand could offset expected supply growth.

## Read by commodity

- PALMOIL: neutral

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/04/08/cpo-price-to-be-supported-at-rm2500-per-mt-analysts/

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