Palm oil expected to hold at RM3,900 amid tight supply

Palm oil expected to hold at RM3,900 amid tight supply

KUALA LUMPUR: Palm oil prices are anticipated to stay firm at around RM3,900, supported by the rebound in soybean oil prices, which improves palm oil’s competitiveness. © New Straits Times Press (M) Bhd

Palm Oil prices poised for recovery amid global demand surge

Palm oil prices are stabilising around RM3,900 per tonne, signalling a potential rebound driven by increased demand from major importers like China and India. This resurgence is underpinned by favourable pricing, production constraints, and shifts in global edible oil markets, presenting a promising outlook for investors. After a six-session decline, Malaysian palm oil futures have rebounded, buoyed by bargain hunting and robust export estimates…