IT'S been an adrenaline-charged year for the palm oil sector, which saw crude palm oil (CPO) futures surge to an 18-month high in March, before rollercoastering down to five-year lows in September. But as 2014 draws to a close, analysts are expecting a relatively muted year ahead for the palm oil industry.
While prices are on track for a gradual recovery, lower soyabean oil prices could cap its rise, with volatile crude oil prices holding the wild card spot.
A bumper soyabean crop in the US, coupled with an expected record harvest from Brazil and Argentina in early 2015 has triggered a decline in soyabean oil prices, stealing the shine from palm oil in the edible oil space.
A shift in the...