The recovery will be driven by plateauing global palm oil supply, DBS says, alongside reasonable headroom for soybean price due to positive developments in the US-China trade war and African swine fever (ASF).
SINGAPORE (Dec 10): The storm looks to have blown over for palm oil players.
According to DBS Group Research, average crude palm oil (CPO) prices are expected to rebound by 19% to US$596 per MT in 2020.
