LMC International chairman James Fry(filepic) forecasts global palm stockpiles to shrink next year as slow output growth coincides with a boost to biodiesel mandates.
Kuala Lumpur: The tide appears to have turned for the world’s most-consumed edible oil.
Just five months ago, benchmark futures in Malaysia languished at four-year lows as investors fretted about stubbornly high stockpiles, waning demand from top buyers India and China and European restrictions that linked palm oil to environmental harm.
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