As palm oil prices nosedive, Bloomberg points fingers

September 23, 2013 |

According to Bloomberg, palm oil prices may slump to 2009 lveles by January claims Dorab Mistry, director at Godrej International Ltd. Futures are expected to retreat to $629 per metric ton. The causes for the drop explored in the article include U.S. weather, which hurt the US soybean crop, expanding supplies between Malaysia and Indonesia, and the Soybean rally at the Chicago Board of Trade since the beginning of August.

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Category: Fuels

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