Malaysian palm oil prices may lose support following US import duty decision

In Malaysia, crude palm oil prices have been rising recently in response to tighter supplies following lower-than-expected production over the summer but the market is concerned prices will fall in response to the United States imposing anti-dumping duties on Indonesian and Argentine biodiesel. The falling demand should weigh on prices as a result. Currently prices are around $710-760/ton FOB SE Asia, up from less than $700/ton last week while futures prices for September through October were lower at $636-640/ton earlier this week.