Loading…
The Indonesia Commodity and Derivatives Exchange expects CPO prices to strengthen ahead of Ramadan as domestic and export demand rises. The projected range is 3,900 to 3,925 ringgit per ton, with support at 3,775 to 3,800 ringgit.
Pre-Ramadan demand and possible export supply diversion to domestic use support palm oil prices, though analysts expect gains to be limited by a well-supplied vegetable oil market.
jakartaglobe.idIndah HandayaniFeb 26, 2024Not 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.
