 "Crude palm oil prices may decline up to 15% by year-end")
In a major relief for the Indian government and consumers, crude palm oil (CPO) prices are expected to drop nearly 15 per cent by the end of 2017 owing to bumper supply from Indonesia and Malaysia -- the world’s two largest producers of the oil, according to industry experts.
Speaking on the sidelines of the three-day Globoil India 2017, James Fry, chairman, LMC International, a London-based agri commodities trading firm, said, “Crude palm oil prices are set to decline to 2,400 ringgit (Rs 36,600) a tonne by the current year-end, primarily because of huge supply coming in from Malaysia and
