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Breaking News-RTRS - Low prices to raise palm oil demand - Oil World

Posted by Flora Sawita Labels:

HAMBURG, June 28 (Reuters) - Low palm oil prices compared to other vegetable oils are starting to raise global import demand with India likely to become a major buyer, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Islamic countries traditionally increase edible oil imports ahead of the Ramadan fasting month, which this year is scheduled to start around Aug. 1.
Prices for Malaysian refined, bleached and deodorised (RBD) palm oil are now about $100 below fob prices for Argentine soyoil and $200 below sunoil prices, Oil World data shows.

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