date:Mar 15, 2019
Palm oil had been trading weaker recently on the back of higher then expected stockpiles showing that demand was still weaker then expected. But with continued tales of dry weather in Asia it was only time before prices started to rise again. Its taken crude oil prices heading up to trigger this but Palm oil is once more heading up. Crude itself has risen on the back of lower then predicted stockpiles as well. There is another consideration in that high mandated percentages of Palm oil in bio-fu