Wednesday, December 5, 2012

Palm oil Prices will fall by 7% in the next 4-6 weeks


Palm oil Prices will fall by 7% in the next 4-6 weeks
Prices for palm oil, which is the cheapest edible oil should be reduced by 7% in the next 4-6 weeks in order to attract demand and reduce inventory record, according to analysts.
Thus, prices should fall to 2,200 ringgit / ton. It is expected that in 2013, the production of palm oil in Malaysia will increase from 18.5 to 19 million tons and Indonesia to 29.5-30 million tons.
In 2012/13 MY the global consumption of palm oil could rise by about 4 million tons, outpacing supply by 3.2 million tons

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