Palm oil inventory fell by 11% month-on-month to 1.7m metric tonnes in July due to higher export demand from India and EU and lower output. We discuss with Alvin Tai, Soft Commodity Analyst, Bloomberg Intelligence on the outlook of CPO prices in view of resurgence of Covid-19, possible record high soybean output and the La Nina.

Image Credit: Mohd Rasfan / AFP

Produced by: Wong Shou Ning

Presented by: Roshan Kanesan, Lyn Mak, Noelle Lim

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Tags:  palm oil. commodities,  exports,  Covid 19,  soybean,  Commodities, Agribusiness,  Government/Regulatory/Policy Making,  Economy, Markets,  Politics, News, Current Affairs,  Trends and Forecasts,  Markets,  Politics,  Law and Legal Matters,  Business Analysis,  Social Issues,  Investments