date:Jul 31, 2014
830 and USD 990 per tonne. While the outlook for palm oil demand remains robust, the record supply of alternative vegetable oils has resulted in current prices trading at their lowest levels so far this year. It also appears less likely that an El Nio event will have a materially negative impact on global palm oil production, as was previously predicted by climate models. On a positive note, increasing local consumption in Malaysia and Indonesia and a strengthening of the global economy continue