Palm oil to fall to RM3,760 per tonne average in 2023, says analyst Fry

KUALA LUMPUR: Malaysia benchmark crude palm oil futures will average RM3,760 a tonne in 2023, down from RM4,920 in 2022, pressured by lower gasoil prices, leading analyst James Fry said on Wednesday.

Palm oil futures contract will trade at RM3,350 per tonne by the end of the year, Fry, the chairman of commodities consultancy LMC International, said at a conference.

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