Looks like palm oil will drag most of veg oils price down

Discussion in 'Commodity Futures' started by lx008, Mar 11, 2013.

  1. lx008


    The surplus of ending stocks (in China and India ,etc ) and perspective production in Indonesia and Malay this years are enormous, and unfortunately soybean is also going to have a sound rebound in production this season , so far.I think the price perspective for palm oil is most bearish and will drag all other veg oils down with it. Can see the spread here:http://bepi.mpob.gov.my/admin2/price_northwest_view.php?tahun=2012