12 Jul 2007
The fall in exports by the world’s biggest producer of palm oil followed a record price for CPO future contracts in early June, which prompted buyers to turn to cheaper vegetable oils, such as soyabean oil.
Palm oil is more than 8 per cent off its record high of M$2,764 a tonne in June, but the benchmark future contract rose 0.8 per cent on Tuesday to M$2,530 (US$736) a tonne due to higher prices for soyabean oil and a fall in palm oil production.
Soyabean prices have risen recently as
High palm oil prices have threatened to curb
Sumber: ft.com
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