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Palm oil prices likely to recover in second half 2019 | The GRS Solution

The GRS Solution | Best Stock Trading Services Provider July 30, 2019
Palm oil prices are likely to recover in the second half of 2019, helped by a slowdown in production growth and rising demand from the biodiesel industry, leading industry analyst Thomas Mielke said on Tuesday.

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There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, editor of Hamburg, Germany-based newsletter Oil World.

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