# European crude palm oil prices to rise to average $610/T in H1 2020 - analyst Mielke

> 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.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57175-european-crude-palm-oil-prices-to-rise-to-average-610-t-in-h1-2020-analyst
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/european-crude-palm-oil-prices-to-rise-to-average-610-t-in-h1-2020-analyst-mielk-idUSL3N26I2M7/

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