Palm Oil Edges Higher as Solid Demand Offsets Supplies

Palm oil prices continued to move higher as demand from China and India buoyed prices. The market is keen to see if production has continued to improve and whether weakness in exports seen in cargo surveyor estimates has resulted in a build in palm oil stock. Soybean oil prices have been buoyed by strong demand for palm oil, but the large yields seen in this year’s U.S. harvest and the decline in fear over dry…