# Palm oil prices likely to recover in H2 2019 | Daily FT

> Oil World analyst Thomas Mielke said palm oil prices should recover in the second half of 2019. He cited rising biodiesel use in Indonesia, which could add more than 3 million tonnes of consumption, and slower palm production growth. Benchmark prices had fallen to a near four-year low of 1,916 ringgit earlier in the month before recovering.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/6466-palm-oil-prices-likely-to-recover-in-h2-2019-daily-ft
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Faster biofuel demand combined with slower output growth tightens palm oil supply, which supports higher prices in the second half of 2019 and into 2020.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-08-01 | 1 | +3.6% | 5.0 | Oil World's view of a second-half recovery, with Indonesian biodiesel demand adding consumption and slower production growth, supported rebound sentiment after the near four-year low. |
| PALMOIL | 2019-07-31 | 1 | +3.6% | 6.7 | Oil World's call for a second-half recovery, citing Indonesian biodiesel demand and slower output growth, supported bullish sentiment after the four-year low. |

## Sources

- ft.lk: https://www.ft.lk/agriculture/Palm-oil-prices-likely-to-recover-in-H2-2019/31-683070

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