According to James Fry, chairman of commodities consultancy LMC International, free-on-board palm oil prices in Indonesia’s Sumatra ports could fall to $920 per tonne from $940, and if Indonesia implements its B40 biodiesel mandate in January, prices could reach $1,080 per tonne in June.
The Oil Palm Service at LMC forecasts CPO and PKO production, as well as downstream products such as refined oils, oleochemicals, and biodiesel. The service covers over 90% of global production, including major producers Indonesia and Malaysia, as well as Thailand, Colombia, Honduras, and Guatemala. We present detailed data and forecasts by region for Indonesia and Malaysia.
The service forecasts CPO and PKO production two years in advance, quarter by quarter, for each country.
It provides a clear forecast for production, area, yield, re-planting rates, trade, and input costs. Each quarter, you will receive an updated analysis and forecast.
Food purchased from abroad consumes dollars, which no developing economy wants to part with right now.
A top industry analyst told an industry conference on Friday that edible oil demand in the three largest markets is very mixed, with India showing growth but China showing few signs of overcoming the impact of COVID-19 lockdowns.
To read our blog on “KSA will build a $12 billion unit of the Aramco oil refinery in Gwadar,” click here