CPO prices been on a meteoric rise in the final quarter of 2019 underpinned by lower output against higher export demand and on prospect of higher biodiesel commitments. Higher biodiesel commitments in the 3 key palm producing countries Indonesia, Malaysia and Thailand increasing to B30, B20 and B10 respectively was a catalyst for higher prices in the last quarter of 2019. Bullish price outlook fuelled by a mix of fundamentals and sentiments lifted the benchmark CPO Futures by 41% or US$ 214 from the start of October to the end of December while notching a peak of RM 3092 or US$ 747/ton to 3 years high prices. The big question is how long can this high price scenario be sustained? What are main market challenges in 2020? CPO prices have since seen some correction in January to trend below RM 3000/ton. Will prices rebound again to RM 3000/ton? In this presentation we look at the main CPO price drivers in 2019 and offer an outlook on supply and demand scenario in 2020 mainly with reference to biodiesel, India and China. We also look at the laurics supply and demand situation and forecast the price outlook for 2020.