# Palm oil prices to rise in 2019 on robust demand - The HinduBusinessLine

> 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.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61196-palm-oil-prices-to-rise-in-2019-on-robust-demand-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slowing Indonesian output and biofuel-driven demand tighten palm supply, supporting higher palm oil prices and pulling demand toward competing vegetable oils.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/palm-oil-prices-to-rise-in-2019-on-robust-demand/article26081528.ece

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