date:Mar 10, 2014
ce and freight (CIF), in India, at par with the price of degummed soybean oil, traders said on the sidelines of an industry conference in Kuala Lumpur. Palm oil usually trades at a discount of $100 to $150 a tonne to soybean oil but last month's almost 10 percent rally in Malaysian futures - currently trading below the day's peak of 2,860 ringgit ($870) per tonne - has tightened the spread.