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Palm oil prices have fallen 10-12% over three months on rising inventories at origin and slowing import demand. World palm production for 2018-19 is projected at about 73 million tonnes, with record output in Indonesia and Malaysia.
India's higher import duties and a weakening rupee have cut its imports.
Rising output and softer demand from India keep palm oil under downward pressure, which weighs on vegetable oil prices used in feed fats.
thehindubusinessline.comThe HinduBusinessLineSep 24, 2018Not 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.
