Trade4go Summary
CGS International predicts that crude palm oil (CPO) prices will remain high until at least Q1 2025, with prices reaching a two-year high of 4,693 ringgit/ton on Oct. 28. This is due to lower inventory levels by the end of 2024 and increased demand during the holiday seasons in Q1 2025. CGS International keeps a neutral rating on Malaysia’s agribusiness sector.
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Original content
Crude palm oil prices are likely to remain high until at least Q1 2025, CGS International analyst Jacqueline Yow writes in a note. Palm oil is no longer cheap, the analyst says, noting that prices hit a two-year high of 4,693 ringgit/ton on Oct. 28. Yow expects CPO futures to trade higher due to several factors such as lower inventory levels by the end of 2024 and higher demand during the holiday seasons in Q1 2025. CGS International maintains a neutral rating on Malaysia’s agribusiness sector. The market is closed on Thursday due to a holiday. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with market ...
UkrAgroConsult
Nov 2nd, 2024
