Malaysian palm oil prices fall to five-year low on poor Indian demand and falling petroleum prices

In Malaysia, Bloomberg reports that Malaysian palm oil prices have hit a five-month low as the country fails to find another buyer to absorb the demand gap left by India following a political spat over India’s treatment of Kashmir. With petroleum prices falling to an 18-year low on Wednesday, palm oil’s use as a biofuel feedstock is also becoming less viable although countries like Indonesia continue to bet on it in order to save forex.

Category: Fuels