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Palm oil prices fell from early 2017 to a low in late 2018, with the Indonesian Palm Oil Board citing weaker demand, higher second-half 2018 production and the US-China trade war. The board expects prices may stay volatile in 2019 as production continues to rise.
Persistent oversupply and weak demand keep palm prices under pressure, which squeezes smallholder incomes and limits upside for feed-related vegetable oil markets.
en.infosawit.comInfoSAWIT EnglishMay 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.
