High price is expected for palm oil for the coming months

Palm oil prices could hit a record USD 1,938 per MT in the coming months after global edible oil inventories and export surpluses fell, including the impact of the war in Ukraine. Prices are up 38% so far this year. Crude palm oil prices in Malaysia are expected to range between USD 1568.81 and USD 1925.36 per MT by July and fall to USD 1473.74 to USD 1663.89 in the third and fourth quarters as supply increases and demand falls.