July 30, 2019 / 6:50 AM / in 22 days

Palm oil prices likely to recover in H2 2019 - analyst

MUMBAI, July 30 (Reuters) - Palm oil prices are likely to recover in the second half of 2019, helped by a slowdown in production growth and rising demand from the biodiesel industry, leading industry analyst Thomas Mielke said on Tuesday.

There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, editor of Hamburg, Germany-based newsletter Oil World. (Reporting by Rajendra Jadhav in Mumbai, Editing by Sherry Jacob-Phillips)

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