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The price of palm oil in 2019 will not decline - forecast
According to forecasts of the Malaysian palm oil Council (mroc), the price of palm oil in 2019 will be maintained at a level of 2303 ringgit/ton (about $565 per ton), despite the fact that the world production of the product at the end of the year could increase by 3 million tons, according to Reuters.
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So, according to MROs, the world production of palm oil this year may reach 72 million tons. The production of the product in Malaysia may increase to 20.2 million tons compared with 19.5 million tons in 2018 in Indonesia - to 42.8 (42) million tons.

Global palm oil exports in 2019 may also be raised due to the increase in purchases of vegetable oils by India - 500 thousand tons to 15.15 million tons, of which palm oil will be about 10 million tons.

Experts also predict MROs palm oil exports from Malaysia in 2019 at the level of 17.2 million tons that exceeds the last year (16.5 million tonnes).

Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
Friday, 22 January 2021
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