Breaking news-Crude palm oil prices to rise in 2008/09-analyst
Posted by Labels: Trader's highlightLONDON, July 16 (Reuters) - Crude palm oil prices should rise during 2008/09 with consumption growing at a faster pace than production, Standard Chartered analyst Abah Ofon said in a report on Wednesday.Ofon said production increases in
"In the near term, high energy prices and freight costs will provide some support as will spillover gains from the soy complex on account of tight stocks in the
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