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Palm oil prices are expected to edge higher in 2019 as production slows, according to top industry analysts. Malaysia and Indonesia are rolling out steps to boost local demand and reduce record global stockpiles.
Crude palm oil prices fell sharply over the past two years on weak demand.
Slowing output from aging trees and stronger domestic biodiesel use could tighten the palm oil balance and support prices. Buyers of palm-based feed ingredients should expect firmer costs if inventories drain.
asia.nikkei.comMar 6, 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.
