Palm Oil Price to Go Weak with Supply Increase

By CnAgri2013-11-13 10:54:16 Print Palm Oil: Palm oil price remained stable with decline this week. Palm oil consumption is forecast at 0.57 million MT in October, up 1.38% YOY and down 6.1% MOM. With weather getting cold in November and December, demand for palm oil declined. In year-end, palm oil factors will put spots into market and palm oil supply will increase. Therefore, domestic palm oil price is predicted to go weak with fluctuation. (Figure 12)



From “China Oil and Oilseeds Market Weekly Report”