On-the-Ground Updates

Update on palm oil prices

RBD Palm Oil

Indonesia

Market & Price Trends

Innovation & Technology

Lena Hartanto

Published May 28, 2021

The palm oil price has remained stable in the last 2 weeks, at RM4,200 per tons. It seems that the market had started to adjust with the COVID situation in India and Malaysia (lockdown). Along with increased awareness of COVID and speed up vaccination process, it is predicted that the palm oil price will improve to RM3,800 per ton by the 3rd quarter of 2021.

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