Problem of plenty for crude palm oil
Robust output likely from top producers, Malaysia and Indonesia
The Crude Palm Oil (CPO) futures contract traded on the Multi Commodity Exchange (MCX) has registered a fall of as much as 18 per cent so far in 2017, diving to a low of ₹451.5 per 10 kg in early August from its January high of ₹582. The fall in price is mainly attributable to the significant rebound in global vegetable oil production and rupee appreciation against the dollar. However, in the las...
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