# CPO price to reach RM2,500 by year-end

> Sime Darby Plantation's executive deputy chairman expects crude palm oil to reach RM2,500 per tonne by year-end. He cited rising biodiesel demand, higher consumption in China and India, and an Indonesian biodiesel mandate, after prices fell to a 52-week low of RM2,140 in July.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7647-cpo-price-to-reach-rm2-500-by-year-end
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected biodiesel and import demand growth would support palm oil prices, although excess supply and high inventories still weigh on the market.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-03 | 1 | +2.2% | 4.4 | Sime Darby's bullish year-end price forecast citing biodiesel and China/India demand likely lifted sentiment on the day. |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/09/03/cpo-price-to-reach-rm2500-by-year-end/

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