Palm oil rose to its highest level in ~20 months, supported by higher biofuel demand and increased production risks from a strengthening El Niño. The price lift suggests near-term supply tightness risk and a constructive demand outlook for the commodity.
Palm oil rose to its highest level in ~20 months, supported by higher biofuel demand and increased production risks from a strengthening El Niño. The price lift suggests near-term supply tightness risk and a constructive demand outlook for the commodity.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
