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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

19/10/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Oilmandi

CATEGORY

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.