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Palm oil may gain premium over soyoil in 2027 on supply risks, says industry official
Eddy Martono, chairman of the Indonesian Palm Oil Association, told Reuters that palm oil could trade at a premium to soyoil in 2027 due to El Niño production risks and rising Indonesian biodiesel demand. He projected Indonesia's 2027 palm oil output to fall 3.7% to 56.6 million metric tonnes while biodiesel demand rises 18.5% to 17.4 million tonnes, cutting exports by 14.9% to 26.5 million tonnes.
