Dorab Mistry: Palm oil may touch US$955 on tight supplies; increase in export levies by top grower Indonesia


JAKARTA/KUALA LUMPUR, Sept 25 (Bloomberg): Palm oil futures will stay strong at least until March on an increase in export levies by top grower Indonesia, with supplies seen tight during the first two months of 2022, according to veteran trader Dorab Mistry.

The most-used vegetable oil is expected to trade between RM4,000 (US$955) to RM4,400 per ton during the October-February period, before slightly dropping in March, Mistry, director at Godrej International Ltd., said at the Globoil conference on Saturday.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Palm oil , Ftures , Stay , Strong , March , 2022

   

Next In Aseanplus News

Asean news headlines as at 10pm on Tuesday (Nov 12)
Myanmar ethnic armed group says 11 killed in airstrike on teashop
‘We can achieve that gradually’: Indonesia’s economic adviser on 8 per cent growth goal
Six arrested in Cambodia as anti-corruption net widens
Grammy-winning R&B icon NE-YO captivates Malaysian fans with his timeless hits for two mesmerising nights at KLCC
Thailand reaffirms MoU 44 with Cambodia will not impact sovereignty over Koh Kut
K-drama actor Song Jae-rim dies at 39
Anwar making official visit to Peru for Apec meet on Nov 13
Bangkok's annual light and digital-art festival back for seventh year
Man who rammed into crowd in China, killing 35, was upset about his divorce: Police (update)

Others Also Read