Market prices of raw materials
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Question
What are the expected world market prices of important raw materials in the near or distant future? The answer should be the averages for the time period of "Prediction".
Answer
| Obs | Raw material | Prediction | Price | Description |
|---|---|---|---|---|
| 1 | Crude palm oil | Five years into the future | 550 | 550 - 950 |
Rationale
The market prices of crude palm oil had been 2270 - 3960 RM / metric ton (2 year range) on 13 Dec 2011 [1]. RM or Malaysian Ringgit (MYR) was the currency for palm oil market. The exchange rate on the same day was 4.157895 RM/€.
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