VSA Capital expects demand for palm oil to weaken thanks to Indian and Chinese stocks

September 7, 2015 |

In the UK, VSA Capital expects palm oil prices to continue to suffer throughout the rest of the year in no small part because India, a major importer, has enough stocks on hand. The company predicted an average of $625 per metric ton on average for 2015, down from its previous estimate of $700 while Malaysian futures prices are currently around $475 after recovering from a contract low last week. China has also been building up stocks, up 80% on the year, so those imports may also begin to slow down soon as well.

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Category: Fuels

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