# CPO prices to improve momentarily to RM3,000 per tonne in first quarter 2018 | Malay Mail

> 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.

- Date: 2018-01-03 · published 2018-01-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8162-cpo-prices-to-improve-momentarily-to-rm3-000-per-tonne-in-first-quarter-2018
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2018/01/03/cpo-prices-to-improve-momentarily-to-rm3000-per-tonne-in-first-quarter-2018/1545165

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