Experts predict that the global vegetable oil price will rise
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Last Update: 2001-11-16
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Source: Internet
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Author: User
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Introduction: Dr dorab mistry, President of Godrej International Co., Ltd in London, claims that global vegetable oil prices, especially palm oil prices, will rebound significantly in 2002 due to the expected decline in palm oil production and the weakening competition for South American soybean oil Dorab Mistry is a member of the association of oilseeds, vegetable oils and fats, known for its accurate forecast of the global vegetable oil market dynamics He said crude soybean oil and refined palm oil could cost up to $400 per ton FOB At present, the price of refined brown liquid oil is USD 315-320 / ton FOB Malaysia For China's accession to the WTO and the market expectation of a greater impact on the global vegetable oil market, the expert warned that the international market could not hold too much hope China's import of vegetable oil will depend on the contingency of the import, and ultimately on profits Since 1997 / 98, the import of vegetable oil in India has actually doubled to 4.8 million tons The expert said further observation is needed to see if there will be a similar situation in China (author:) share to feed Weibo share to:
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