# Palm Oil – 2020 Outlook |         Global Oil & Fats Business Online – gofbonline.com

> A Global Oil & Fats Business outlook says 2020 should be a good year for palm oil prices after a rally from October 2019 that peaked above RM2,800 per tonne in December. It cites weak 2019 demand from India and China and EU RED II phase-out rules as earlier headwinds. It also describes the CPOPC supply and demand conference.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54501-palm-oil-2020-outlook-global-oil-and-fats-business-online-gofbonline-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of firmer prices and a supply-demand balancing effort could support palm oil values through 2020. The outlook is largely qualitative and does not change near-term supply.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- gofbonline.com: https://gofbonline.com/5190-2/

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