# CPO price expected to soften in 2H | Borneo Post Online

> 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.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71879-cpo-price-expected-to-soften-in-2h-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/03/10/cpo-price-expected-to-soften-in-2h/

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