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The Malaysian palm oil industry and the CPOPC forecast 2020 Malaysian output of 19.3 to 19.5 million tonnes, below last year's 20 million. Analysts expect global vegetable oil stocks to deplete from March 2020 and assume a CPO price of RM2,600 to RM2,700 per tonne.
Flat production and depleting vegetable oil stocks point to firmer palm oil prices through 2020, supporting palm and other vegetable oil values for feed buyers.
theborneopost.comeditoronJan 5, 2020Not 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.
