BALI, Indonesia -- Palm oil prices are expected to rise by another 10% to 15% in early 2025 after a strong rally this year, particularly if the Indonesian government enforces a new biofuel quota, industry players have forecast.
Continued depressed production, especially in Indonesia and Malaysia, and ongoing disruption to fertilizer supplies because of the Ukraine war will also boost the price of one of the most commonly used edible oils, they added.
