# Palm oil prices to remain soft  - The HinduBusinessLine

> 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.

- Date: 2018-03-18 · published 2018-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65881-palm-oil-prices-to-remain-soft-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Rising production and high stocks weigh on palm oil prices, and the trade barriers reinforce the bearish supply picture for vegetable oils.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/commodity-analysis/palm-oil-prices-to-remain-soft/article23286976.ece

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