KUALA LUMPUR -- The global palm oil outlook is expected to be weak during at least the first half of this year owing to structural issues as well as top producer Indonesia increasing domestic use of the vegetable oil for biodiesel, industry figures said on Wednesday, with potential climate impacts adding to uncertainty.
Commodities
Indonesia palm oil consumption, El Nino worries, weigh on market
World's top producer expected to export less due to domestic biodiesel mandate
Palm oil, derived from the fruit seen here, is widely used as a vegetable oil and is an ingredient in processed foods and many other products, including cosmetics. © Antara Foto/Reuters
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