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.
Commodities
Palm oil prices expected to rise 10-15% next year
Biofuel push by Indonesia and fertilizer shortages are expected to maintain upward pressure
A farmer unloads oil palm fruit in Selangor, Malaysia. Industry executives expect prices of the widely used commodity to rise further next year. © Reuters
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