From Nikkei Asia · · 40s
Palm oil prices stay high next year
Southeast Asia drought pushes palm oil prices higher next year.
In brief
Southeast Asia drought pushes palm oil prices higher next year. Palm oil prices remain high next year due to Southeast Asia drought and rising biodiesel demand. Originally reported by Nikkei Asia.
Palm oil prices expected high
Palm oil prices are expected to remain high into next year as dry weather hits output in Southeast Asia's key production areas.
Biodiesel demand rising
Growing demand for biodiesel also tightening market, analysts say.
Southeast Asia drought impact
Market forecasters predict El Nino will drive palm oil prices up next year.
What matters most
Palm oil prices remain high next year due to Southeast Asia drought and rising biodiesel demand.
