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A Mongabay article reports that palm oil producers are expanding into West Africa and Latin America because of deforestation restrictions in Southeast Asia. It cites Colombia, Ecuador, Brazil and Honduras as major producers and says global palm oil demand is 165 million tonnes.
Shifting palm oil production toward new regions has a longer-term supply implication but no immediate price trigger, so the effect on feed-related markets is limited.
news.mongabay.comMorgan Erickson-DavisNov 20, 2019Not 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.
