# BERNAMA - PIPOC 2019 fuels hope for a fruitful 2020 for palm oil industry

> 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.

- Date: 2019-11-22 · published 2019-11-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/55943-bernama-pipoc-2019-fuels-hope-for-a-fruitful-2020-for-palm-oil-industry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- WTI: neutral
- PALMOIL: bullish ▲

## Sources

- bernama.com: https://www.bernama.com/en/news.php?id=1792268

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