Palm Oil Developments No.33 (Dec 2000) p36-38

Prices of Selected Oils and Fats in 2000

RAMLI Abdullah

Oils and fats registered lower prices in 1999, following the peaks in the previous year. The low price scenario was mainly due to the over supply of oils and fats, and in particular Malaysian palm oil. Malaysian palm oil production had increased significantly from 8.3 million tonnes in 1998 to 10.6 million tonnes in 1999, which in a way, had affected the world prices of oils and fats.

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