
Malaysia's palm oil marketing board MPOC said palm oil at 3,900 ringgit ($889) per tonne is reasonably priced, so demand from China and India is expected to rise. It expects prices to hold near that level, supported by a recovery in soyoil prices.
Malaysian palm contract prices are down 12% this year as output is expected to rise.
Stronger expected buying from the two largest importers would support palm oil and competing vegetable oil prices. Rising output in the coming months limits how far prices can recover.
Na 133 eerdere opwaarts handel-gebeurtenissen bewoog Palmolie zich mediaan +0,7% over 5 sessies (64% hoger; middelste helft -0,8% tot +2,3%), en +1,7% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.