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A Reuters poll of 18 analysts and industry players projects benchmark palm oil prices averaging 2,375 ringgit a tonne in 2019, up 3% from 2,308 ringgit in 2018. Growth is attributed to slowing output in Indonesia and steady demand, including biodiesel.
Slowing Indonesian output and biofuel-driven demand tighten palm supply, supporting higher palm oil prices and pulling demand toward competing vegetable oils.
thehindubusinessline.comReutersJan 24, 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.
