Malaysia's CPO futures benchmark may trade near RM2,400 per tonne in June and July if exports stay strong, according to Palm Oil Analytics. Exports to India resumed after four months, though Malaysia's March shipments to India had fallen 97% year on year.
Production is expected to peak from August to October, which could push prices down to about RM2,200.
Resumed Indian buying supports palm prices in the near term, but seasonal production peaks are expected to weigh on them later in the year. Feed buyers should watch palm oil and its meal substitutes for near-term firmness.
После 133 прошлых событий (события «торговля»: бычий) Пальмовое масло в среднем изменился на +0,7 % за 5 сессий (64% вверх; средняя половина от -0,8 % до +2,3 %) и на +1,7 % за 20.
Пока недостаточно сопоставимых прошлых событий для исторического анализа.
Изменения бенчмарка каждого товара относительно последнего закрытия до события. Исторические данные объединяют прошлые события того же типа; они описывают случившееся, а не то, что произойдёт. Не является инвестиционной рекомендацией.
Resumed Malaysian exports to India after four months imply stronger import demand and supportive near-term CPO futures, consistent with a sharp price rise on June 1.
Resumed exports to India and analyst expectations of CPO near RM2,400 reinforced bullish demand sentiment, though the forecast of a seasonal output peak tempers the outlook.