# Palm oil set for better fortunes after pandemic | The Star

> Palm oil is expected to recover in the second half of 2020 as lockdowns ease and China and India rebuild stocks. The Malaysian Palm Oil Council forecast a peak of RM2,594 per tonne, conditional on biodiesel mandates proceeding and European oilseed output falling. Prices had dropped 23% so far this year versus 18% for soyoil.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52205-palm-oil-set-for-better-fortunes-after-pandemic-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Improving demand and biodiesel mandates support palm prices, which can pull up vegetable oil costs for feed producers.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2020/07/01/palm-oil-set-for-better-fortunes-after-pandemic-wrecked-bull-run
- thestar.com.my: https://www.thestar.com.my/business/business-news/2020/07/02/palm-oil-set-for-better-fortunes-after-pandemic

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