VSA Capital expects demand for palm oil to weaken thanks to Indian and Chinese stocks

In the UK, VSA Capital expects palm oil prices to continue to suffer throughout the rest of the year in no small part because India, a major importer, has enough stocks on hand. The company predicted an average of $625 per metric ton on average for 2015, down from its previous estimate of $700 while Malaysian futures prices are currently around $475 after recovering from a contract low last week. China has also been building up stocks, up 80% on the year, so those imports may also begin to slow down soon as well.

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