# Palm oil demand may have bottomed out – MPOC

> The Malaysian Palm Oil Council says global palm oil demand may have bottomed out after the coronavirus pandemic hit consumption. It expects a slow recovery to follow. The pandemic has closed restaurants and limited travel, reducing demand for palm oil used in food and renewable fuel.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/11554-palm-oil-demand-may-have-bottomed-out-mpoc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A bottoming in demand would limit further downside for palm oil prices, but a slow recovery means any rebound is likely to be gradual.

## Read by commodity

- PALMOIL: neutral

## Sources

- focusmalaysia.my: https://focusmalaysia.my/palm-oil-demand-may-have-bottomed-out-mpoc/
- malaysiakini.com: https://www.malaysiakini.com/news/524279

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.