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11-12-2008, 10:12 AM
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Indonesia, Malaysia partner to prop up crude palm oil prices; accelerate $200 million
In Malaysia, the Indonesian and Malaysian governments announced that they would join forces to help prop up the price of crude palm oil. CPO has fallen from a high of more than $1000 earlier this year to $445 at the present time, the result of falling demand and a rising US dollar. The governments siad [...]
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