# Palm oil prices to climb 17.9% in 2020 on tight supplies, biodiesel programs | Financial Post

> A Reuters poll of industry participants projects benchmark palm oil prices will average 2,650 ringgit a tonne in 2020, up 17.9% from 2019. The median forecast reflects reduced first-half output and higher biodiesel use in Indonesia and Malaysia. Respondents expect supplies to rebound later in the year.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: market · region Southeast Asia · magnitude medium
- Page: https://feedsoft.ai/events/55177-palm-oil-prices-to-climb-17-9-in-2020-on-tight-supplies-biodiesel-programs
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tighter first-half supply and biodiesel demand support vegetable oil prices, which raises the cost of palm-based feed ingredients. Expected second-half supply recovery limits the upside.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/palm-oil-prices-to-climb-17-9-in-2020-on-tight-supplies-biodiesel-programs

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