# CPO Prices Expected to Rise Ahead of Ramadan: ICDX

> 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.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/9429-cpo-prices-expected-to-rise-ahead-of-ramadan-icdx
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- jakartaglobe.id: https://jakartaglobe.id/business/cpo-prices-expected-to-rise-ahead-of-ramadan-icdx

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