Cooking Oil
A Question of Stability
Tuesday, June 2, 2009
THE oil palm market is straining in line with crude oil prices, following the dramatic decrease last year. In 2008, CPO prices hit the highest-ever record price of US$1,395 per ton, but then dropped to their lowest level of US$450 per ton because of the global crisis. Rising crude oil prices have however now helped bring crude palm oil (CPO) prices back up to US$758 per ton.
In addition to following the increase in crude oil prices, the improvem
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