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Ramadan reduces the import of palm oil
Islamic fasting has an impact on the price level of palm oil
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Palm oil stocks in Malaysia rose in June for the first time in seven months due to a seasonal spike in production and low demand from importers during the month of Ramadan (the obligatory month of fasting for Muslims).

Large stocks of palm oil Malaysia is the second largest producer of palm oil in the world after Indonesia, may affect the level of prices of the tropical oil, which are now at 7-month low on higher production forecasts.



Translated by service "Yandex.Translation"
Источники: IDK.Эксперт
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