 "Crude palm oil")
After a sharp decline over recent quarters, prices of crude palm oil (CPO) are set to rise sharply in the quarter ending December.
This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers.
CPO prices on the benchmark Bursa Malaysia fell around 5 per cent in the past month, to MYR (Malaysian ringgit) 2,048 a tonne in early Thursday trade for near-month delivery.
Experts at GlobOil 2019 link the movement in CPO price to several other factors. Such as weather patterns in India,
This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers.
CPO prices on the benchmark Bursa Malaysia fell around 5 per cent in the past month, to MYR (Malaysian ringgit) 2,048 a tonne in early Thursday trade for near-month delivery.
Experts at GlobOil 2019 link the movement in CPO price to several other factors. Such as weather patterns in India,
