Palm oil prices slips as West Texas crude falls

April 15, 2013 |

In Malaysia, palm oil prices are slipping as demand drops for biodiesel production following lower West Texas oil prices. Barrel prices fell to below $90 on good economic data coming out of China, who saw GDP growth of 7.7% during Q1, which in turn led to palm oil slipping 1.8%. It has fallen 5.5% so far in 2013.

Category: Fuels

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