- posted by IMV |
- 05/2/2020
Fundamental Aspect: Palm oil market hit by two ‘C’s: crude oil and coronavirus A deadly combination of two ‘C’s has hit the palm oil market. A rapid decline in crude oil prices and the upheaval over the rapid spread of China-centered Wuhan Coronavirus has pummeled the palm oil market, bringing the bull run of the last three months to a premature end. Crude palm oil (CPO) rates have seen a sharp correction of 10 percent...