Loading…
Felda Global Ventures CEO Zakaria Arshad forecasts crude palm oil at RM2,500-2,600 per tonne in 2018. He cites rising Malaysian and Indonesian output against stagnant demand, with China's import needs unlikely to grow and India's tariff making palm oil less economical.
Rising production with flat import demand and high stocks in major buyers points to weaker palm oil prices. The forecast suggests limited catalysts for price gains in 2018.
en.infosawit.comInfoSAWIT EnglishJan 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.
