
Sime Darby Plantation expects crude palm oil to average above RM4,000 per tonne in 2024 because severe drought is limiting Indonesian output. Its Indonesian fresh fruit bunch output fell to 507,000 tonnes in the first quarter from 566,000 a year earlier, while Malaysian output rose.
Drought-driven shortfalls in Indonesia, the largest palm producer, tighten global vegetable oil supply and support palm prices, which are the cheapest of the vegetable oils.
Setelah 181 peristiwa cuaca bullish sebelumnya, Minyak Sawit bergerak median +0,5% selama 5 sesi (56% lebih tinggi; separuh tengah -0,9% sampai +1,9%), dan +0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Sime Darby Plantation said drought was curbing Indonesian output and expected CPO above RM4,000, supporting a supply-tightness narrative that lifted prices.