How do the price dynamics of palm oil work in the Indian context?
Answer
Answer
Answer
Most prices of palm oil are approximations at a point of time and are subject to constant change. These prices are only broadly indicative of the opportunity to hedge palm oil. Prices of CPO are almost entirely determined by global factors as local factors have a very small role to play. India’s share in global palm oil output is negligible, although India is a key consumer of palm oil.