How are the palm oil prices 2017? Experts give different answers! The palm oil generation 2016 has suffered in the aftermath of the El Nino drought last year. This development turns out 2016 increasingly in the 2nd half of the year. In the climax of production October 2016, production levels remained about 20% under the results of previous years. Hardly a build-up of inventories was held at little modified export volumes. Prices climbed in Kuala Lumpur on 3,100 to 3,200 ringgit per t ($ $700 per t). The courses gave something in the last few weeks of the year 2016. The Company LMC International predicts that the palm oil production will experience a strong recovery in the year 2017, could amount to around 3 million tonnes at world level. While Indonesia will proceed more than Malaysia. Under consideration of exchange rate fluctuations is assumed that Palm oil prices not under $500 the t will fall. While the Indonesian demand from the bio-diesel sector plays a crucial role Rabobank assumes for 2017, an increase of 5 million tonnes in Malaysia and Indonesia alone. The increase in production will take place mainly in the 2 half of 2017 rainfall conveniently with the help of. The demand for Palm oil is the Rabobank rather cautious. The traditional buyers of India and China will import less due to a better equity production of soybean oil around 6%. Rabobank estimates a drop of in prices of palm oil in Kuala Lumpur on average 2,350 ringgit/t $ $524 / t with an emphasis in the 2nd half of 2017. The FA. VSA capital sees positive rates for the 1st half of the year 2017. The inventories were low and the recovery of production could be less than many hoped for. VSA capital believed low in China up to a maximum average inventories. However, to rely more on soybean oil imports and the narrow Autoproduction China. As disruptive VSA capital changed the possible trade relations United States to China under the influence of the new U.S. Government. With increasing pressure from the new U.S. soybean crop in the United States and the subsiding effects of EL Niño, VSA capital estimates a weaker rate of palm oil in the 2nd half of 2017. concrete prices are not mentioned. For all opinions, you miss the reference to the crude oil price.
