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SD Guthrie's CEO said palm oil could reach RM5,000 per tonne in 2027, arguing the market overestimates Indonesian output and that Indonesian recovery will be slow. The January contract was trading at RM4,394, below its August high above RM5,000.
A bullish producer forecast with Indonesian supply concerns and rising Indonesian biodiesel demand supports palm prices. It is an opinion rather than a new supply shock, so the impact is modest.
klsescreener.comNov 5, 2026Not 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.
