Problem of plenty for crude palm oil
dolphfyn/shutterstock.com | dolphfyn/shutterstock.com
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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