Palm oil demand will be limited if prices continue to rise: Report


By Fathin Ungku and Fransiska Nangoy SINGAPORE/JAKARTA (Reuters) - Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the COVID-19 pandemic push prices up further, analysts told a virtual palm oil conference on Thursday.

Higher prices may lead consumers to look for cheaper alternatives, eventually pushing palm oil prices lower in the second half of next year, leading edible oils analysts Thomas Mielke and Dorab Mistry said. "Remember, demand is killed.....

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