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Analysts expect crude palm oil prices to weaken in the second half of 2017 due to rising Malaysian and Indonesian production, ample soybean oil supply and weak demand. They forecast a 2017 trading range of RM2,250 to RM3,100 per tonne.
Short-term support is expected from Indonesia's biodiesel mandate.
Expected production recovery and soyoil supply point to weaker palm oil prices in late 2017, while biodiesel demand limits the downside in the near term.
theborneopost.comMar 9, 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.
