Palm oil prices down in Europe
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Last Update: 2002-08-05
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Source: Internet
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Author: User
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Introduction: on August 2, according to traders, due to the fall of Malaysian palm oil futures, most of Europe's palm oil fell by US $2.50 to US $5 per ton The main reason for the decline in palm oil in Malaysia was a contraction in trading volume and traders were reluctant to enter positions at the weekend And traders are said to be waiting for Malaysian palm oil data to be released next week However, the market is still on the rise as hot and dry weather continues to threaten soybean growing areas in the Midwest of the United States, as well as oilseed crops in India India's oilseed crop is suffering from the worst drought in 10 years The European market is light The selling price of refined palm oil in August 24 is $420 per ton From August to September, the price of palm oil is $417.50 to $420 per ton From September, it is $417.50 to $420 per ton From October to December, it is $420 per ton From October to December, the price of crude palm oil is $420 per ton Soybean oil prices rose slightly from their lows, supported by gains in Chicago soybean oil futures, closing at 9 to 11 euros per ton below Thursday's closing price Rapeseed closed down 4 euros to 7 euros per ton.
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