Crude palm oil prices are anticipated to pull back to the RM3,800 to RM4,000 per tonne trading range in April 2024 from the current level of RM4,250 per tonne, said the Malaysian Palm Oil Council .
“Additionally, the price premium of palm oil over soft oils continued to widen in March and have surpassed the prices of three major soft oils concurrently since February in the European market,“ it said in a statement today. “The strong price trends observed in the first quarter of 2024 are predominantly shaped by the dynamics of deficit supply growth,“ it said.
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