Analysts expect lower Malaysian palm oil prices through 2017 despite Indonesia’s B15

In Malaysia, Maybank Investment Bank has lowered its estimate of palm oil prices by 13% in 2015, 8% in 2016 and another 8% in 2017 due to the El Nino failing to live up to its promise of impacting oil production. Though the Indonesian B15 policy will help to support prices some, it’s not enough. With the devaluation of the ringgit against the US dollar, dollar equivalents are likely to see prices down 19%, 17% and 16% between 2015 to 2017.