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Competition from soy will push palm oil prices lower

The price of palm oil has struggled to find asense of direction this year, falling below MYR2,100 per tonne in April, before recovering to MYR2,300 by early June. In this Agricultural Commodities Watch we discuss the current state of the world palm oil market and look at some of the key drivers that are likely to shape price movements over the short and medium term.

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