Malaysian plantation stocks rise on expectations of higher palm oil prices

theedgemalaysia.com

Malaysian plantation stocks rebounded Thursday after a three-day slump, driven by expectations of rising palm oil prices due to tightening supply. Higher soybean oil prices are making palm oil more competitive, boosting export demand. Hot weather may also reduce production, further supporting prices. Analysts upgraded the sector's outlook, citing improved price prospects and constrained global supplies, with forecasts for higher palm oil prices in the coming years.


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Malaysian plantation stocks rise on expectations of higher palm oil prices | News Minimalist