Loading…
Palm oil industry figures at the PIPOC 2019 congress in Kuala Lumpur expect a fruitful 2020 as sustainability efforts gain traction. Singapore-based analyst Sathia Varqa expects CPO prices to reach RM3,000 per tonne next year on lower production.
LMC's James Fry warned that falling global palm oil stocks could push the CPO premium over Brent high enough to shift some demand to competing oils.
Tighter global palm oil stocks and a rising premium over crude could lift vegetable oil prices and make palm less competitive against soybean and sunflower oil in feed and food blends.
bernama.comNov 22, 2019Not enough comparable past events yet for a historical read.
Not 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.
