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Palm oil has lost more than 25 percent of its value this year due to Indian import duty hikes, US-China trade tensions and higher supplies. The EU plans to phase out palm oil as transport fuel by 2030, and futures hit their lowest since August 2015 on November 14.
Rising stocks in Malaysia and Indonesia, which may exceed seasonal peaks by December, point to continued pressure on prices. Expected El Niño output effects in 2019 could support prices in the second half of the year.
thehindubusinessline.comNov 25, 2018Not enough comparable past events yet for a historical read.
Not 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.
