date:Feb 08, 2014
rther in recent weeks.
The FAO Vegetable Oil Price Index averaged 188.6 points in January, down 7.4 points (or 3.8 per cent) from December. The drop mainly reflects developments in the palm oil market, where large supplies and slow export demand led to concerns over growing inventories, thus driving down prices. Furthermore, large export availabilities of sunflower and rape seed and the prospect of record soybean supplies in South America weakened the prices for other vegetable oils, also weigh