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An OCBC 2018 commodity outlook projects crude palm oil could briefly reach RM3,000 per tonne in Q1 2018 on seasonal production shortfalls, then dip to around RM2,650 by year-end. Malaysian inventories are at 2.6 million tonnes, the highest since December 2015.
High stockpiles and tame demand limit upside in palm oil prices, so the forecast points to a bearish trend over the year despite a seasonal Q1 lift.
beta.malaymail.comJan 3, 2018Not 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.
