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Higher palm oil output to cap prices, depending on El Nino
date:Aug 05, 2014
14 had initially been forecast to drop 15-20 percent due to the predicted El Nino, but now it was expected to reach 29.5 million tonnes, up 6.3 percent from 27.8 million in 2013.

Indonesia and Malaysia together account for 85 percent of the world's palm oil.

Bumper supplies of soybeans for crushing into soyoil could depress prices of the rival edible oil and turn price-sensitive buyers away from palm oil unless its prices fall, too.

There's a lot of competition from soybean oil. It really dep

12/21 20:49