Stagnation on palm oil prices

Palm oil prices have stagnated over the past several weeks following soybean oil’s weak pricing. Projection of seasonally higher palm oil production in Malaysia added with the current soft market demand placed crude palm oil price at the low 20 c/lb range. However traders say that buying interests could be refreshed with palm oil pricing at a discount to soybean oil.

Source

www.oleoline.com vom 2003-07-02.

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