Estimates for palm oil prices already factor in Malaysian elections

In Malaysia, the Edge Markets reports that key analyst Dorab Mistry believes risk from the country’s upcoming elections this year are already built into the price and with current supply and demand estimates, he expects a range of $612.56-$689.13 per metric ton for most of the rest of the year. Current prices are just slightly below that range. Production from April onwards will be key to keeping within the estimated price range based on lower stocks expected through July.