Thomas Mielke

Analysts forecast lower CPO prices from 2Q onwards for this year

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[ KUALA LUMPUR: Malaysia’s crude palm oil (CPO) is expected to trade lower from the second quarter onwards this year after witnessing high prices of RM4,000 per tonne in the first quarter of 2024, said Fastmarket Palm Oil Analytics senior analyst Sathia Varqa. He said supply risk from weather and geopolitical tension are the two … Read more

Mielke sees Malaysian palm oil price at RM3,800-4,300 in next 3 mths

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[ KUALA LUMPUR: Malaysian palm oil price is seen trading in the range of 3,800 to 4,300 ringgit in the next three months as supplies tighten, leading industry analyst Thomas Mielke said on Wednesday. Malaysia’s palm oil benchmark contract was trading at 4,042 ringgit ($854.73) at 0409 GMT, up 1.4% from a day earlier. “Palm … Read more