Palm oil is set to boom: you should buy in now according to MoneyWeek

Agricultural , Food Apr 23, 2012 No Comments

Palm oilPalm oil production in Malaysia is set to slow in the first half of this year, says Dorab Mistry at Indian consumer products group Godrej International, who correctly forecast that palm oil prices would bottom last autumn.

Maybe even more importantly, he says, the current drought in South America will damage the harvest in soybean crops. These are also used in making cooking oils. If fewer soybeans are available, that will mean extra demand for palm oil to plug the gap.

via Palm oil is set to boom: you should buy in now – MoneyWeek.

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

Leave a Reply

Your email address will not be published. Required fields are marked *