Mr. Sougata Niyogi, CEO – Oil Palm, Godrej Agrovet Limited,
“We don’t estimate this ban to be long-term. Therefore, the market will witness a correction. But May looks very bullish. The premium of Soya and Sunflower refined oil over Palm Oil will narrow down. The overall price outlook is strong till August-September; that is, till next crop arrives in the market. The current conditions are going to keep farmer’s morale high on oil crop, and fuel rapid area expansion across major oil producing states. Consequently, our estimate is that productivity is going be better over the last couple of years, which subsequently will reflect in higher income for farmers who have matured plantations.”
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