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Oil World editor Thomas Mielke said European crude palm oil prices could average $610 per tonne CIF Rotterdam in the first half of 2020. He cited slower global production growth, rising biodiesel demand led by Indonesia, and higher palm oil needs in India and China.
Slower output growth and firmer biodiesel and import demand point to tighter vegetable oil supplies and higher palm oil prices, which raises the cost of fats used in feed.
reuters.comRajendra JadhavSep 27, 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.
