# Plantation – Singapore - UOB Kay Hian 2019-05-17: Still Positive On CPO Prices | SG Investors.io

> UOB Kay Hian's palm oil seminar expects crude palm oil to trade at US$530-550 per tonne, recovering from a low near US$470. Analysts cited Indonesia's B30 biodiesel mandate, around 500,000 tonnes of extra Indian demand, and Chinese imports possibly rising due to African swine fever and the US-China trade war.

- Date: 2019-05-17 · published 2019-05-17T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/59201-plantation-singapore-uob-kay-hian-2019-05-17-still-positive-on-cpo-prices-sg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher biodiesel demand and extra Chinese and Indian imports support palm prices, but timing depends on government policy and vegetable oil stock levels.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2019/05/plantation-singapore-uob-kay-hian-research-2019-05-17.html

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