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Palm Oil on Track for Three-Week High on Tight Supply Outlook.
- Source :
- Bloomberg.com; 8/23/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Palm oil prices are expected to reach a three-week high due to concerns about tight supplies in major producing countries and an anticipated increase in demand. Indonesia plans to increase the blending of palm-based biofuels in diesel, while Malaysia's production has only slightly increased this month. However, there is optimism as India and China are expected to increase their purchases of palm oil. In India, consumption of cooking oils typically rises during the September to November period due to various festivals. [Extracted from the article]
- Subjects :
- EDIBLE fats & oils
SUPPLY & demand
FARMERS
DIVALI
BIOMASS energy
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 179243579