Commodities 2023: Palm markets to moderate as blending mandates support CPO, China’s UCO exports rise

Asian palm prices are expected to be rangebound in 2023 after a volatile 2022 despite Malaysia entering the year with low stocks and China’s used cooking oil exports set to increase to Europe and even extend to the US. The biodiesel market was marked by a rapid change in fortune in 2022 as palm prices plunged from May after being…