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LMC analyst Kim Tullar said palm oil prices have risen since late September 2020 on recovering demand after quarantine easing, lower Malaysian stocks, and biodiesel demand. Rapeseed and sunflower oil prices also rose on expected 2020/21 oilseed output declines, though palm oil remains about $150-225/t cheaper than other oils.
The wide discount of palm oil to other vegetable oils may limit substitution by Indian buyers, while LMC expects prices to ease toward year-end, weighing on the outlook for vegetable oil values.
alfa.apk-inform.comOct 1, 2020Not enough comparable past events yet for a historical read.
Not 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.
