There are many factors contribute to the volatility of palm oil prices. Below are some of the factors that can cause a downstream or upstream change of palm oil prices in the global market.
1.Climatic conditions affect palm oil farming, to a great extent, to a larger extent, a change in the typical normal climatic suitable for growing palm oil trees.
2.The price of other vegetable oils on the market such as soybean oil may have a positive or negative impact on global palm oil products.
3.Supply and demand for palm oil products across the globe.
4.Different Laws and regulations depending on the country importing palm oil products.
5.Change in the fee charged on exported or introduced palm oil products.
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