# Mpob: Crude palm oil price expected to strengthen further | Malay Mail

> 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.

- Date: 2017-01-05 · published 2017-01-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73077-mpob-crude-palm-oil-price-expected-to-strengthen-further-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Official expectations of firmer prices and fresh-fruit-bunch output declines support the palm complex and raise feed-fat costs.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2017/01/05/mpob-crude-palm-oil-price-expected-to-strengthen-further/1286195

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