Palm oil price could fall for the first time in three years

09/27/2011 | Bloomberg

The price of palm oil may drop for the first time in three years, according to financial analysts. Favorable weather that has increased supply and a worsening global economy that has lowered demand are key contributing factors. A price drop for the oil could ease increasing food costs, which rose 26% worldwide in the past year, according to the U.N.

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