
The Council of Palm Oil Producing Countries (CPOPC) says 2024 will be a critical year for the industry, citing the EU Deforestation-Free Regulation and forced labour legislation. CPOPC remains bullish, projecting crude palm oil prices between US$800 and US$1,000 per tonne, supported by falling production, ageing trees, weather and biofuel mandates.
Trade barriers in Europe could limit palm exports, but CPOPC's forecast of supply tightness from ageing trees and biofuel demand supports a firmer price outlook.
Setelah 548 peristiwa kebijakan bullish sebelumnya, Minyak Sawit bergerak median +0,4% selama 5 sesi (61% lebih tinggi; separuh tengah -0,7% sampai +2,1%), dan +0,9% 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.