Crude oil prices jumped to a near four-year high last week after Iran responded to joint US-Israeli attacks by threatening to fire on vessels moving through the Strait of Hormuz. "Right now, edible demand is subdued as prices have jumped. One of the most closely watched analysts of edible oils, Mistry's forecasts for supply and prices often move markets. Mistry last month forecast palm oil futures to trade in a range of RM3,800–RM4,300 until July 2026, as demand remains weak amid ample supplies. Limited import arrivals are expected to support Indian edible oil prices, though strong mustard oil supplies are helping temper the increase, Mistry said.

Source: The Edge Markets March 17, 2026 07:51 UTC