Core Viewpoint - The Malaysian Palm Oil Council forecasts that palm oil prices will stabilize between 4,000 and 4,300 Malaysian Ringgit per ton in March, supported by tightening supply, improved demand from India, and strong U.S. soybean oil prices [1] Group 1: Price Support Factors - Recent tightening of supply is expected to support palm oil prices [1] - Improved demand from India is anticipated to contribute positively to price stability [1] - Strong U.S. soybean oil prices are also expected to provide support for palm oil prices [1] Group 2: Export and Inventory Dynamics - Strengthening exports from Malaysia and early shipments from Indonesia before the increase in export taxes are expected to reduce inventories in both countries [1] - The Malaysian Palm Oil Council (MPOC) projects an increase in palm oil consumption by 800,000 tons by 2026 due to improved price competitiveness in India [1] Group 3: Price Limiting Factors - Abundant global soybean supply and increased soybean oil exports from China may limit the upside potential for crude palm oil prices [1] - The price movements of palm oil and soybean oil are often correlated due to their use in similar products [1]
机构:3月份棕榈油价格料将在每吨4,000-4,300马来西亚林吉特区间
Jin Rong Jie·2026-02-24 04:52