MARKET DEVELOPMENT
MARKET TALK: Palm Oil Discount To Soyoil Could Sup
MARKET TALK: Palm Oil Discount To Soyoil Could Sup
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.