KUALA LUMPUR: Palm oil demand from China, the world’s No.2 importer of the commodity, is set to drop in coming months as supplies of alternative edible oils flood local markets, industry sources said.
Sluggish Chinese appetite for palm oil, used in everything from preparing food to churning out biofuel, could pile further pressure on benchmark prices that have shed 15% since the start of the year due to expectations for rising output.
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