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Home News Item Palm oil to see upside risks in 2024 due to El Nino: report
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Palm oil to see upside risks in 2024 due to El Nino: report

november 23, 2023by Reacties uitgeschakeld voor Palm oil to see upside risks in 2024 due to El Nino: report

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KUALA LUMPUR, Nov. 23 (Xinhua) — BMI Industry Research, a Fitch Solutions unit, has foreseen upside risks to the palm oil outlook in 2024 due to El Nino events.

BMI said in a note written on Wednesday that it has made an upward revision from 3,400 ringgit (726 U.S. dollars) per tonne to 3,515 ringgit per tonne to its average annual forecast for palm oil prices in 2024, equivalent to a 7.5 percent year on year d

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