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| Palm oil Monthly Price |
Palm Oil Commodity
Palm oil is the vegetable oil produced in largest amount having pushed soybean oil into second place in 2004/05. Palm Oil is generally the cheapest commodity vegetable oil and also the cheapest oil to produce and to refine. By reason of its availability and (relatively) low cost, it is an important component of the increasing intake of oils and fats in the developing world. Without the large volume of exported palm oil from Malaysia and Indonesia, there would be a major problem in meeting world demand for vegetable oil.
