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Strongest El Nino in 20 years may hike palm oil price to highest since 2012

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World energy demand for palm oil will expand more than the previously estimated 1.5 million tonnes, but food demand may be tempered by higher prices and may expand less than last year.

Kuala Lumpur

PALM oil may surge to the highest since 2012 as the strongest El Nino in almost two decades "ravages" production and squeezes inventories in the world's largest growers, according to Godrej International Ltd's Dorab Mistry.

Prices in Kuala Lumpur, the global benchmark

sentifi.com

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