NUSA DUA: Malaysian benchmark palm oil futures are expected to trade above and around 5,000 ringgit ($1,141) per metric ton until June 2025, supported by tight supply and bullish demand, leading industry analyst Dorab Mistry said on Friday.
Global vegetable oil demand in the 2024-2025 season (Nov-Oct) is expected to grow by 6.5 million tons, while supply is seen increasing by 3 million tons, Mistry told the Indonesia Palm Oil Conference in Bali.
