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News Admin
 
Date
 19/10/2004
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 Oilmandi
Headline
 Palm Oil Unlikely To Reach Premium To Soyoil

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, MALAYSIA.
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