Palm oil: Tight Market For Now, Prices to Ease in 2017
Commodities / Morocco / Fri 22 Sep, 2017
MDE palm oil prices will remain supported on a two-to-four month horizon as current global supply is tight. Palm oil prices will ease significantly in 2017, as the temporary tightness in supply brought by El Nino in 2016 will dissipate. Palm oil will be one of the only commodities to average lower on a y-o-y basis in 2017, at MYR2,350/tonne