PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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MARKET DEVELOPMENT
MARKET TALK: Palm Oil Discount To Soyoil Could Sup
calendar23-12-2004 | linkNULL | Share This Post:

22/12/04 (Dow Jones)--Palm oil price discount to soyoil widening,suggesting downside for palm oil prices likely limited at least in nearterm, traders say. RBD palm olein now offered around $400.00-$402.50/ton,about $100-$120 cheaper than rival soyoil; wide price differential mayencourage consumer buying.