Malaysian crude palm oil prices to remain above $1,134 in the near future – MPOC
The Malaysian Palm Oil Council (MPOC) forecasts crude palm oil prices to remain above 4,500 ringgit (US$1,134) per metric tonne in the near term, supported by better economics of biodiesel production, high crude oil prices, and the potential for El Niño-related weather patterns.
However, the council believes prices will likely be constrained by declining export demand amid inflation and slowing economic growth in key importing countries.
Read also
Irrigation as an Investment in the Sustainable Future of Ukraine’s Agricultural Se...
War in the Middle East has led to a shortage of pistachios
The State Statistics Service of Ukraine has published the final figures for the 20...
Wheat production in India remains stable despite weather shocks
Institute of Climate-Oriented Agriculture Participated in the International Confer...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon