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Palm Oil on Track for Three-Week High on Tight Supply Outlook.

Authors :
Listiyorini, Eko
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]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179243579