INSUBCONTINENT EXCLUSIVE:
Palm prices have risen 10% this year, while soybean oil is down about 9% on better crop prospects in countries such as the US2 min read
which traded at a discount of $782 a ton to soyoil as recently as November 2022, is currently commanding a rare premium
cheaper.
Indonesian and Malaysian palm plantations, which account for 85% of global supply, are facing challenges
Smallholders are reluctant to cut aging trees and replant as it can take four to five years for new trees to bear fruit, compared with
around six months for soybeans.
Palm prices have risen 10% this year, while soybean oil is down about 9% on better crop prospects in
some household consumption of palm oil may shift to its rivals, said Aashish Acharya, a vice president with Patanjali Foods Ltd., one of the
and ice cream to shampoo and lipstick
seasonal supply and demand factors kick in
Palm consumption typically drops in December and January in India, the biggest importer, as it solidifies at lower temperatures, prompting
