Crude palm oil prices to remain above US$1,130 in near future – MPOC
The Malaysian Palm Oil Council (MPOC) forecasts crude palm oil prices to remain above 4,450 ringgit (US$1,130) per metric tonne in the near term due to rising energy prices and uncertainty in the Middle East.
According to the council, palm oil prices will be supported by high energy prices and a favorable spread between palm oil and gasoil.
“However, slower economic growth and increased price volatility caused by uncertainty in the Middle East could temporarily delay imports from key markets, potentially limiting price increases.”
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
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