10/18/04 Oilmandi - RBD palm olein discount to soyoil around $60-$70/MT,half levels witnessed earlier in year. Palm oil was at premium to soyoilon occasion in 1990s, but traders say little chance of repeat; unfavorablyhigh import duties for palm oil in major consumer India requires palm oilto maintain discount to stay attractive, traders say. "If palm oil doesever trade at a premium, it won't last. People will be selling palm andbuying soybean oil," trader says.
ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB )
Lot 6, SS6, Jalan Perbandaran,
47301 Kelana Jaya,
Selangor Darul Ehsan,
Tel : 603 - 7802 2800 || Fax : 603 - 7803 3533