# Palm oil to hit 3,300 ringgit by early March: analyst - Asia Times

> Analyst Dorab Mistry expects Malaysian palm oil to reach 3,300 ringgit per tonne by early March because stocks remain tight. He forecasts a fall of nearly a quarter by June or July to around 2,500 ringgit. Prices were at multi-year highs, with lingering El Nino effects cutting production.

- Date: 2017-01-22 · published 2017-01-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73071-palm-oil-to-hit-3-300-ringgit-by-early-march-analyst-asia-times
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight stocks and weak output support near-term palm prices, while the forecast of a sharp mid-year decline suggests a volatile path that affects feed-fat buying timing.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- asiatimes.com: https://asiatimes.com/2017/01/palm-oil-hit-3300-ringgit-early-march-analyst/

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