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The Council of Palm Oil Producing Countries said palm oil prices will keep rising in the first half of 2021 as heavy rainfall in Southeast Asia keeps global supply tight until the first quarter. It expects output to recover in the second half of 2021 as high prices encourage better management.
The council also flagged structural supply constraints from slower new plantings in Indonesia and Malaysia.
Persistent weather-related supply disruption and limited new planting support palm oil prices into 2021. The expected tightness also supports demand switching from other vegetable oils, given the deficits in soy, sunflower and rapeseed oil.
biofuels-news.comBiofuels Int @biofuelsmag02.12.2020Nach 181 vergangenen Ereignisse (bullisch, Wetter) bewegte sich Palmöl im Median über 5 Handelstage um +0,5 % (56% höher; mittlere Hälfte -0,9 % bis +1,9 %) und über 20 Handelstage um +0,3 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
