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A 2016 industry market briefs roundup lists several palm oil and oilseed items. Among them, analyst Dorab Mistry expects record global palm oil output in 2017 as trees recover from El Nino, and Indonesia imposed a mandatory biodiesel blend for non-subsidised diesel.
Argentina also postponed its soybean export tax cut to 2018.
Expected output recovery and rebuilding of stocks could weigh on benchmark palm oil prices, which are up nearly 7% this year. Biodiesel mandates and Argentine export tax timing are supportive for vegetable oil demand and soymeal and oil export flows.
gofbonline.comGOFBDec 5, 2016Not 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.
