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Palm Oil Swings as Supply Concerns Offset Signs of Weaker Demand.

Authors :
Listiyorini, Eko
Source :
Bloomberg.com; 8/28/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Palm oil prices are fluctuating due to concerns about tight supply in Indonesia and Malaysia, as well as signs of weaker demand. Heavy rains in Malaysia are raising concerns about supply disruptions, while stockpiles in Indonesia have decreased due to lower output and increased exports. However, demand for palm oil appears to be weak as some buyers are opting for cheaper alternatives like sunflower oil and soybean oil. Palm oil futures have experienced both gains and losses in response to these factors. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179389561