InfoSAWIT, KUALA LUMPUR – Though crude palm oil (CPO) price could potentially press housing consumption, CPO demands would remain high, as many dealers in Singapore said.

In Pakistan, for instance, palm oil plays vital roles to make ghee Vanaspati. Palm oil is as the pure butter substitution which is more economic.

Rasheed JanMohd, CEO Westbury Group in Karachi said that palm oil demands would remain exist though it gets more expensive.

Palm oil would maintain its premium quality, at least, for the next couple of months. this happens for the decreasing production in Malaysia and Indonesia, and the increasing biodiesel demands in Indonesia.

As InfoSAWIT quoted from moneycontrol.com, a vegetable oil trader in Kuala Lumpur told that palm oil stock in producer countries gets decreasing and would deliver profits for increasing price.

In this situation palm oil would be getting more expensive though its demands are still stable. This showed that palm oil industries would become the main thing to increase the demands though being in its significant price fluctuation.

It means though housing consumption could be decreasing, it is believed palm oil industries would support the increasing price in this very short. (T2)