Palm oil price in the world is bullish
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Last Update: 2001-12-27
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Source: Internet
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Author: User
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Introduction: it is reported that, driven by the favorable palm oil production and export data and the strong trend of Chicago soybean oil, market participants expect the original palm oil 3-month futures price to reach a high of rm1300 In addition to the increase of futures price in January 2002, there will be a significant increase in December, February, March and April 2002 According to analysts, the world's four largest edible oils are soybean oil, palm oil, rapeseed oil and sunflower oil, which account for 23%, 22%, 12% and 8% of the world's edible oil supply respectively At the time of increasing demand for main edible oil in this year, in addition to the good weather in the United States and the promising soybean oil supply prospects, the world's sunflower oil and rapeseed oil are in short supply due to bad weather, which strongly supports the rise of the world's raw palm oil price.
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