According to the Malaysian Palm Oil Council (MPOC), palm oil prices are expected to retreat to the range of RM3,800 to RM4,000 in April 2024. This projection is based on factors such as the ample supply of soybeans from South America entering the global market and the gradual seasonal recovery of palm oil production domestically. The recent surge in palm oil prices, reaching a 12-month high on March 15, 2024, was influenced by supply constraints. However, as the low season for palm oil production concludes in March, prices may begin to reflect the recovery in production and inventory levels in April and May. Additionally, the price premium of palm oil over soft oils has widened, particularly in the European market. Despite a reduction in palm oil inventory in February 2024 due to reduced imports and robust domestic consumption, palm oil prices are expected to stabilize within the mentioned range in April.