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Prices of crude palm oil are set to rise sharply in December quarter

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

Crude palm oil
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Dilip Kumar Jha Mumbai
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,

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First Published: Sep 27 2019 | 1:47 AM IST

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