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Palm oil exports rebound, prices rise, BUSINESS TIMES
Business Times (Malaysia), July, 2001 by Zaidi Isham Ismail
Business Times (Malaysia) 07-09-2001 THE domestic palm oil market may have bottomed out with exports rebounding and prices trending upwards from the lows of February. Exports for this year are expected to exceed last year's 9.08 million tonnes as traditional customers step up purchases.
Malaysia has already sold 4.37 million of the commodity in the first five months of 2001, up 30 per cent from 3.34 million tonnes in the corresponding period a year ago, according to the Malaysian Palm Oil Board (MPOB). And crude palm oil prices have strengthened to RM893 a tonne last week from RM795.50 in June and RM743 in May. The commodity was trading in February at RM693.32 a tonne on the spot market, its lowest level in more than a decade; and a sharp reversal of...
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