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Reuters reports that FGV, Malaysia's largest palm oil producer, forecasts crude palm oil prices in a range of $491.8 to $614.7 per tonne. The company cites domestic biodiesel blending and export growth, and says limited feedstock has forced it to shut six mills.
Expected demand growth from biodiesel blending supports firmer palm prices, while feedstock shortages constrain supply.
biofuelsdigest.comMeghan SappFeb 28, 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.
