# Market Updates – Issue 4, 2016 |         Global Oil & Fats Business Online – gofbonline.com

> 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.

- Date: 2016-12-05 · published 2016-12-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73353-market-updates-issue-4-2016-global-oil-and-fats-business-online-gofbonline-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- gofbonline.com: https://gofbonline.com/market-updates-issue-4-2016/

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