An analyst from an investment bank stated that the high price of crude palm oil is unlikely to continue beyond the first quarter of 2025.

HLIB expects the strength of crude palm oil prices to weaken after the first quarter of 2025. In the long run, the premium of palm oil over other competing vegetable oils is unsustainable.

The high price of palm oil will lead to demand allocation, prompting major vegetable oil importing countries to turn to cheaper alternative vegetable oils, thereby narrowing the price difference, especially when palm oil production begins to improve.

The report states that the prospects for palm oil supply in 2025 are more favorable, and the progress of Indonesia's comprehensive implementation of the B40 biodiesel project may be slower than expected, which will put pressure on crude palm oil prices.

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