# Palm oil to find support after a dip - The HinduBusinessLine

> 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.

- Date: 2018-11-25 · published 2018-11-25T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62145-palm-oil-to-find-support-after-a-dip-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/todays-paper/tp-investmentworld/article25594390.ece

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