Tight supply to boost palm oil prices despite virus fear - Oil World
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PARIS (Reuters) - Declining production and rising demand should push palm oil prices higher in the coming months, outweighing current fears about a virus outbreak in China that fuelled a sell-off in recent days, Oil World said on Friday.Global palm oil output is expected to decline by 1 million tonne in the 2019/2020 season, putting the market on course for a second successive annual supply deficit, Thomas Mielke, head of the Hamburg-based analyst firm said.Tightening supply had already..