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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

26/02/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

AP

CATEGORY

HEADLINE

Crude Palm Oil Price In Jakarta Hits Record High
JAKARTA, Feb 25 Asia Pulse - The price of crude palm oil (CPO) in Jakartahit a record high of US$550 per ton in an auction on Tuesday. DahlanSurbakti, an official of the joint marketing office of state plantationcompanies, said reports of falling CPO supply from Malaysia and a scarcityin soybean supply to the international market triggered a surge in theprice. Surbakti said the soybean oil supply declined as a result of a longdrought in Argentina and Brazil. Malaysia and Indonesia are the largestand second largest producers of CPO in the world, respectively. (ANTARA)