Malaysia might be thinking that any loss in CPO exports is to be made good by selling larger volumes of refined, bleached and deodorised palmolein to China, the world?s biggest market for it
Companies, however, expect a surge in demand in Q4 on the back of government projects
Supply pressure in spot market influenced the price
Higher area under cultivation shrunk the loss
Firming trend in Asia caused the uptrend
Export enquiries influenced the prices
Less arrivals helped the price gain
Restricted arrivals from producing belts influenced the trade
Ample supplies influenced the trade
Hopes of higher output limited the gain
Depleting stocks capped the loss
Exports of Indian coffee was down 10%