BALI, Indonesia -- Palm oil prices are forecast to rise by up to 30% over the next few months on the back of the Indonesian government's latest biodiesel push and bleak production growth outlook, industry executives and analysts said on Friday.
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Palm oil prices could increase by up to 30% over the next few months as the Indonesian government is preparing to expand its biodiesel mandate, industry players heard at the Indonesia Palm Oil Conference in Bali on Nov. 13 and 14. (Photo by Natsumi Kawasaki)
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