With soybean oil inventories growing, palm oil falls to 2-month low

01/13/2014 | Bloomberg

March contract prices for palm oil declined to the lowest level since Nov. 11 because of an anticipated increase in soybean oil supplies. When soybean oil prices recently fell to the lowest point since July 2010, analysts suggested that global markets may use the oil instead of palm oil in food products and biodiesel.

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