Loading…
Business Standard reported that crude palm oil prices are expected to rise sharply in the December quarter. Forecasts cite lower production, a likely revival in Indonesian biodiesel demand, and weather and soybean output issues in India.
Bursa Malaysia futures had fallen about 5% in the prior month to 2,048 ringgit per tonne.
Expected production declines and stronger biodiesel mandates could lift palm oil prices by roughly a quarter from current levels, tightening supplies of vegetable oils and affecting feed fat costs.
business-standard.comDilip Kumar JhaSep 26, 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.
