# Strong Chinese, Indian demand to hold up global palm oil prices: analysis - Xinhua | English.news.cn

> Fitch Solutions Macro Research forecast strong Chinese and Indian import demand for palm oil in the coming months. It kept its 2019 average forecast at 2,150 ringgit per tonne and projected 2020 at 2,300 ringgit. The firm also cited possible El Niño-related dryness in Malaysia and Indonesia that could slow production growth.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57178-strong-chinese-indian-demand-to-hold-up-global-palm-oil-prices-analysis-xinhua
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Robust import demand and slowing output growth support palm oil prices, which keeps vegetable oil costs elevated for feed formulators.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2019-09/18/c_138401180.htm

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