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Anglo-Eastern Plantations expects palm oil prices to weaken in the second half of 2022 as Indonesia and Malaysia enter their peak production season. The company also flagged Indonesia's export levy waiver, which it said could push prices lower as the country works to reduce stocks, along with possible Ukraine-Russia accord effects on sunflower oil and recession risks to demand.
Seasonal output peaks in September and October, plus stock-clearing exports, add supply that weighs on palm oil prices and competing vegetable oils. Buyers of palm-based feed ingredients may see softer prices into the second half.
grainpricenews.comMike VerdinAug 25, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
