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Malaysian crude palm oil futures seen near 3,300 ringgit at end-2021 - analyst James Fry
calendar25-03-2021 | linkSuccessful Farming | Share This Post:

Successful Farming (24/03/2021) - KUALA LUMPUR, March 24 (Reuters) - Malaysia's benchmark crude palm oil prices is forecast to fall to near 3,300 ringgit by end-2021 if crude oil is at $65 a barrel, leading industry analyst James Fry said on Wednesday.

Malaysia's 2021 crude palm oil production is seen at below 19.5 million tonnes while Indonesia's output is seen growing over 3.5 million tonnes, Fry said at the Virtual Palm and Lauric Oils Price Outlook Conference. (Reporting by Mei Mei Chu, editing by Louise Heavens)

Read more at https://www.agriculture.com/markets/newswire/malaysian-crude-palm-oil-futures-seen-near-3300-ringgit-at-end-2021-analyst-james