Palm oil futures are expected to keep rising, supported by increased demand linked to biodiesel, according to analyst Dorab Mistry. Both outlets report Mistry’s view that the market’s upward momentum is likely to persist in the coming months, with price levels influenced by his supply and demand projections. One report expects palm oil futures to extend current gains to around RM5,000 by June, and further to about RM5,200 by mid-July, if biodiesel demand remains strong. The assessments suggest that expectations for biodiesel-related consumption are a key factor behind near-term price support, rather than a change in supply conditions alone. While the reports focus on projected price targets and timing, they present the outlook as contingent on continuing biodiesel demand. The coverage does not provide additional detail on the underlying policy or production drivers for biodiesel, but it frames Mistry’s forecasts as consistent with how his supply and pricing estimates typically influence market sentiment. Overall, both articles agree on the direction of the outlook and the biodiesel demand rationale, while differing only in the specific level and timing cited.
Palm oil gains expected to continue as biodiesel demand supports prices, analyst says
Palm oil futures are expected to keep rising, supported by increased demand linked to biodiesel, according to analyst Dorab Mistry. Both outlets report Mistry’s view that the market’s upward momentum...
- Analyst Dorab Mistry expects palm oil prices to keep rising.
- The outlook is linked to stronger biodiesel demand.
- Palm oil futures are projected to reach around RM5,000 by June.
- Further gains to about RM5,200 are projected for mid-July.
- Mistry’s supply and price forecasts are described as influential for the market.
Palm oil futures are expected to extend gains to around RM5,000 by June and potentially reach RM5,200 by mid-July on biodiesel demand, said analyst Dorab Mistry, whose supply and price forecasts often move markets.
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