The recent falls in rice prices are only short-term; the upward trend will continue in 2024 on limited supply, providing significant opportunities for Vietnam’s rice export, analysts say.
Crude palm oil (CPO) stockpiles will likely fall below two million tonnes by the end of this month, potentially pushing the commodity’s prices higher in the near term.
Global palm oil output is likely to drop next year due to the impact from the El Nino weather pattern while demand from the edible oil and energy sectors is set to grow, supporting prices, leading industry analysts say.