Malaysian palm oil prices begin to strengthen on lower Q3 production

In Malaysia, The Edge reports that lower-than-expected palm oil production during Q3 mixed with increased demand from India and China due to ongoing trade barriers with Indonesia have already started to help strengthening palm oil prices as stock building slows. With increased demand for palm oil domestically due to B20 implementation next year, blending could take up to 15% of production alone, reducing the need to find markets for palm oil to replace those in Europe.