Wednesday, November 21, 2007

Good news for the oil palm farmer

Recent reports in the local press showed promising statistics:
1) The price of oil palm grew by almost 65% from a year ago.
2) Malaysian palm oil futures price market hit record volumes and climbed to RM 3000/tonne.
3) Malaysia palm oil exprts account for 57% 0f global palm oil trade
4) Nearly a quarter of Malaysian oil palm exports goes to China.

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