Commodity Central: Factors Driving Palm Oil Prices Higher | Sandeep Bhan | Business News | ET Now #ETNOW
Commodity Central: Factors Driving Palm Oil Prices Higher | Sandeep Bhan | Business News | ET Now
Palm oil futures rebound 0.5% to RM4,368/ton after 3-day dip, supported by seasonal production drop and stocks 2M tons by year-end. India’s Sep imports slow to 600-700K tons amid soy oil’s $10-15 discount; Aug’s 1M-ton surge was festival prep. SD Guthrie International Trading Pte. Ltd CEO Sandeep Bhan: RM5,000 unlikely soon; India drives upside.
#palmoil #soybeanoil #indiaimports #commoditycentral #biofuelpush #rm4368 #sandeepbhan #festivedemand #supplycrunch #edibleoils #etnow
control your money with economic times now.
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