Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Mielke sees Malaysian palm oil price at RM3,800 to RM4,300 in next three months

by Riah Marton
in Technology
Mielke sees Malaysian palm oil price at RM3,800 to RM4,300 in next three months
Share on FacebookShare on Twitter


MALAYSIAN palm oil price is seen trading in the range of RM3,800 to RM4,300 in the next three months as supplies tighten, leading industry analyst Thomas Mielke said on Wednesday (Mar 6).

Malaysia’s palm oil benchmark contract was trading at RM4,042 (S$1,147) at 0409 GMT, up 1.4 per cent from a day earlier.

“Palm oil prices have made their lows. It will appreciate and stay well above average in 2024 and 2025 mainly due to insufficient palm oil supplies,” Mielke, executive director of Hamburg-based forecaster Oil World, told an industry conference.

Annual growth of palm oil production in 2023/24 is expected to be the smallest in four years at around 0.2 million tonnes to 0.3 million tonnes, Mielke said, as the output from the two biggest producers Indonesia and Malaysia are seen stagnating this year.

Output from Central America and Africa is seen moderately higher.

The current premium of palm oil over sunflower oil and soy oil prices however is expected to disappear in the next several weeks, Mielke said, as their prices are also seen rising. REUTERS

A NEWSLETTER FOR YOU

Friday, 8.30 AM

Asean Business

Business insights centering on South-east Asia’s fast-growing economies.

We have other newsletters you might enjoy. Take a look.



Source link

Tags: MalaysianMielkeMonthsOilPalmPriceRM3800RM4300Sees
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
World Bank says Thai interest rates appropriate, neutral

World Bank says Thai interest rates appropriate, neutral

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In