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Palm oil could trade at a premium to soyoil in 2027 as El Niño threatens production and rising biodiesel demand in top exporter Indonesia tightens supplies, a senior industry official told Reuters on Tuesday.Palm oil supplies are expected to tighten in 2027 as El Niño-induced dry weather weighs on…
Price action for sunflower oil stayed compressed all month, with the FAO Vegetable Oil Price Index up 0.6 percent to 196.9 points in August.
Indonesia’s palm oil exports could fall by 14.9% year-on-year in 2027 to 26.5 mln tons. This would be the lowest level since 2016, according to the Indonesian Palm Oil Association. The expected decline will be driven by a combination of lower production and stronger domestic demand. Indonesia’s palm oil output is…