# CPO to rebound on demand supply fundamentals

> Sime Darby Plantation said the worst for crude palm oil prices may be over, citing stabilising Indonesian production, returning Indian demand and a narrowing palm oil-gas oil spread. Its net profit for the quarter to September fell 89 percent year on year on weaker CPO and palm kernel prices.

- Date: 2018-11-26 · published 2018-11-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62144-cpo-to-rebound-on-demand-supply-fundamentals
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A producer's expectation of recovering demand from India and easing speculative selling could support palm oil prices. The view is forward-looking and conflicts with the persistent inventory overhang.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/11/26/cpo-to-rebound-on-demand-supply-fundamentals/

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