March palm oil prices seen supported by lower output, firmer demand: industry body

Crude palm oil prices are expected to trade between MR4,000 and M4,300 ($1,027.35-$1,104.41) per metric ton in March, supported by seasonal declines in production and stocks, industry body, the Malaysian Palm Oil Council, or MPOC, said Feb. 23. Palm oil prices have remained firm above MR4,000/mt throughout January despite lingering headwinds such as a delay in Indonesia’s B50 biodiesel mandate,Crude palm oil prices are expected to trade between MR4,000 and M4,300 ($1,027.35-$1,104.41) per metric ton in March, supported by seasonal declines in production and stocks, industry body, the Malaysian Palm Oil Council, or MPOC, said Feb. 23. Palm oil prices have remained firm above MR4,000/mt throughout January despite lingering headwinds such as a delay in Indonesia’s B50 biodiesel mandate,Read More