# Malaysia sees average 2017 palm price well below current levels | Reuters

> Malaysia's plantation minister said on January 10 that palm oil prices would average between 2,700 and 2,800 ringgit in 2017. The forecast sits well below where benchmark prices were trading at the time.

- Date: 2017-01-10 · published 2017-01-10T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73065-malaysia-sees-average-2017-palm-price-well-below-current-levels-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A government forecast of lower average prices signals expected easing from elevated levels, which could weigh on vegetable oil values and soften demand for substitute feed fats.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-26 | [Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy \| The Star](https://feedsoft.ai/events/61908-malaysian-palm-oil-price-in-biggest-fall-in-21-months-as-indonesia-axes-export.md) | -0.5% | +2.0% |
| PALMOIL | 2019-04-09 | [Indonesia, Malaysia send letter protesting EU palm oil curbs](https://feedsoft.ai/events/59471-indonesia-malaysia-send-letter-protesting-eu-palm-oil-curbs.md) | -1.9% | -8.4% |
| PALMOIL | 2025-06-26 | [Malaysia cuts July palm oil reference price, export duty falls to 8.5pct](https://feedsoft.ai/events/15552-malaysia-cuts-july-palm-oil-reference-price-export-duty-falls-to-8-5pct.md) | +2.8% | +6.1% |
| PALMOIL | 2022-05-10 | [EXCLUSIVE: Exclusive: Malaysia may cut palm oil export tax by half amid global supply crisis \| Reuters](https://feedsoft.ai/events/15819-exclusive-exclusive-malaysia-may-cut-palm-oil-export-tax-by-half-amid-global.md) | -0.8% | +1.3% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/malaysia-sees-average-2017-palm-price-well-below-current-levels-idUSL4N1F02JS/

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