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Palm oil prices are expected to stay subdued as output in Indonesia and Malaysia is forecast to reach new highs in 2018. Malaysian stocks stood at 2.478 million tonnes in February, above the level historically associated with steady prices.
The article also notes the EU's planned biodiesel palm oil ban by 2021 and India's higher import duties.
Rising production and high stocks weigh on palm oil prices, and the trade barriers reinforce the bearish supply picture for vegetable oils.
thehindubusinessline.comPrerna SharmaMar 18, 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.
