"Price rise is expected due to a slow down in global production growth, rise in demand for biodiesel sector, particularly from Indonesia, and rising palm oil requirement of India and China," Mielke(file pic), editor of Oil World, the Hamburg, Germany-based newsletter, said at a conference on Friday.
MUMBAI: European crude palm oil prices could rise to average $610 per tonne including cost, freight and insurance (CIF Rotterdam) in the first half of 2020 on the back of rising demand and slowing production growth, leading industry analyst Thomas Mielke said.
"Price rise is expected due to a slow down in global production growth, rise in demand for biodiesel sector, particularly from Indonesia, and rising palm oil requirement of India and China," Mielke, editor of Oil World, the Hamburg, Germany-based newsletter, said at a conference on Friday.
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