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Palm Oil Prices Likely To Recover In Second Half 2019: Analyst

There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, Editor, Hamburg, Germany-based newsletter Oil World.

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Palm oil prices are likely to recover in the second half of 2019, helped by a slowdown in production growth and rising demand from the biodiesel industry, leading industry analyst Thomas Mielke said on Tuesday.

There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, editor of Hamburg, Germany-based newsletter Oil World.

(Reuters)


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