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Delegates at the Annual Palm and Lauric Oils Conference (POC 2019) highlighted a higher Indonesian biodiesel mandate, slower Indonesian supply growth, and rising Chinese demand as key price drivers. Speakers expected global demand to outstrip supply in 2019 but disagreed on price levels.
CIMB Equities Research summarized the views.
A larger biodiesel mandate and stronger demand would help work down high palm stocks, supporting prices. Analyst disagreement on price levels leaves the outlook uncertain for palm-based feed inputs.
thestar.com.myThe Star OnlineMar 11, 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.
