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A worker unloads palm oil fruit bunches from a lorry inside a palm oil mill in Bahau, Negeri Sembilan, Malaysia January 30, 2019. REUTERS/Lai Seng Sin/Files
MUMBAI (Reuters) – Palm oil prices are likely to recover in the second half of 2019, helped by a slowdown in production growth and rising demand from the biodiesel industry, leading industry analyst Thomas Mielke said on Tuesday.
There has been a rise in biodiesel demand in Indonesia, while China has also been increasing palm oil imports due to slowing crushing of soybeans, said Mielke, editor of Hamburg, Germany-based newsletter Oil World.
Reporting by Rajendra Jadhav in Mumbai, Editing by Sherry Jacob-Phillips
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