SINGAPORE (Dec 10): The storm looks to have blown over for palm oil players.

According to DBS Group Research, average crude palm oil (CPO) prices are expected to rebound by 19% to US$596 per MT in 2020.

The recovery will be driven by plateauing global palm oil supply, DBS says, alongside reasonable headroom for soybean price due to positive developments in the US-China trade war and African swine fever (ASF).

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