date:Jun 17, 2014
showed India's palm imports jumped 22 percent in May from a month earlier.
Concerns that Indonesia, the world's top palm producer, could consume smaller volumes of biodiesel than initially estimated, may also weigh on prices, analysts said. We estimate Indonesia may only consume 1.5 million kilolitres of biodiesel in 2014, which is 25 percent behind our forecast, said CIMB Investment Bank analyst Ivy Ng in a note.
This is negative for CPO prices but could be offset by lower supply due to dri