# Prices of crude palm oil are set to rise sharply in December quarter | Commodity - Food & Edible Oils - Business Standard

> 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.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57176-prices-of-crude-palm-oil-are-set-to-rise-sharply-in-december-quarter-commodity
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/prices-of-crude-palm-oil-are-set-to-rise-sharply-in-december-quarter-119092700055_1.html

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