Palm Oil Demand From China and India Expected to Rise as Prices Become Competitive

Palm oil demand from top global buyers like China and India is expected to increase as the vegetable oil is now reasonably priced compared to it’s rivals, the Malaysian Palm Oil Council (MPOC) said on Tuesday. Palm oil is now considered "reasonably priced" at 3,900 ringgit ($889) per metric ton, the MPOC announced in a statement, adding that prices are expected to remain supported at that level, underpinned by a recovery in Soybean Oil prices.

Please visit www.ikargos.com for more information regarding international logistics.