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Crude palm oil price falls among stable demand
calendar23-10-2001 | linkNULL | Share This Post:

MEDAN, Indonesia, Oct 19 Asia Pulse - Demand for crude palm oil (CPO) ininternational markets is stable but the price is declining, producerssaid.Derom Bangun, chairman of the Indonesian palm oil producers (Gapki) saidCPO price declined from US$235 early October to US$226 per ton this week.Bangun said the price fall was caused not by the U.S.-Afghan conflict butby a larger supply of CPO from producers to the world market.In addition, the world's economic slowdown has dampened demand for CPO andits derivatives, he added.He said Indonesia's exports to India, the largest market for the country'sCPO, are stable.