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Malaysian palm oil fell significantly
Quotations of palm oil by results of trades on January 16, the stock exchange in Kuala Lumpur (Malaysia) fell to 2518 ringgit ($636,82) per tonne (-1,5%). This is the lowest figure in the last 2 weeks, writes the Business Recorder
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To lower palm oil futures have led the strengthening of the Malaysian ringgit against the U.S. dollar, it reached the maximum level over the past 18 months – 3,947 ringgit for $1.

Significant pressure on prices was the European Parliament plans to vote on the modified draft law on decrease in import of palm oil in the EU to prevent tropical deforestation.

Photo: miss-eklerchik.ru



Translated by service "Yandex.Translation"
Источники: Сфера фм
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