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The Malaysian Palm Oil Board chairman said crude palm oil prices are expected to strengthen further in 2017, after a rise of up to 45% in 2016. Smallholder prices reached up to RM650 per tonne by end-2016.
Government efforts to open new markets, especially China, are cited as support.
Official expectations of firmer prices and fresh-fruit-bunch output declines support the palm complex and raise feed-fat costs.
beta.malaymail.comJan 5, 2017Not 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.
