The Council of Palm Oil Producing Countries sees 2025 global palm oil prices ranging between RM4,000 and RM5,000

게시됨 2024년 12월 6일

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The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices to range between RM4,000 and RM5,000 per tonne in 2025 due to stagnating production in key markets, especially Indonesia and Malaysia. This is expected to result in a supply shortage and drive prices higher. The current price level of around RM5,000 per tonne might be temporary and is largely influenced by Malaysia's ongoing floods. The stagnation in production is expected to strain global supply and push prices upward due to ageing plantations, unpredictable weather, and limited expansion into new plantation areas. The CPOPC currently includes Malaysia, Indonesia, Honduras, and Papua New Guinea as full members, with Thailand being pursued for membership, which would control 93% to 95% of global palm oil production.

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원본 콘텐츠

JAKARTA (Dec 6): The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia. “As global demand for palm oil grows, stagnating production is likely to result in a supply shortage, driving prices higher,” CPOPC deputy secretary general Datuk Nageeb Wahab told Bernama on Friday. He noted that the current price level of around RM5,000 per tonne might be temporary, largely influenced by Malaysia's ongoing floods, which have bolstered bullish market sentiment. Nageeb also highlighted that the stagnation in production, exacerbated by ageing plantations, unpredictable weather and limited expansion into new plantation areas, is expected to strain global supply, further pushing prices upward. Regarding CPOPC's membership, Nageeb revealed that the council currently includes Malaysia, Indonesia, Honduras and Papua New Guinea as full ...

출처: Theedgemarkets