High Production and Low Demand, Palm Oil Price to Remain Weak

By CnAgri2013-09-22 11:38:19 Print Palm Oil: Palm oil price decreased slightly this week. With seasonal characteristic, palm oil production in Malaysia will keep rising from now on until November. In domestic, however, with weather getting colder, palm oil consumption will face slack season and the destocking pressure will increase again. It is predicted palm oil price shall remain weak. (Figure 12)

  

From “China Oil and Oilseeds Market Weekly Report”