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The decline in world palm oil stocks will support prices for all types of vegetable oils
Over the next 6-7 months, palm oil stocks in the world will be reduced, which will support prices for other vegetable oils.
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This was transmitted in Moscow oil conference, said Siegfried Falk, analyst the German Agency OilWorld, according to the portal Milknews.

According to Falk, palm oil remains the main factor in the market of vegetable oils, and to "follow" him, even Russian producers.

According to the forecast OilWorkd, the growth of palm oil production will soon stop, and will shift the consumption of palm oil from the food industry to the production of biofuels.

 

Photo: Shefmarket



Translated by service "Yandex.Translation"
Источники: Oilworld