Vegetable Fats & Oils

Vegetable Fats & Oils

 

Palm Oil Consolidates on Mixed Production Statistics forming Reverse Head and Shoulder Pattern

Crude palm oil prices were nearly unchanged on Thursday as price action consolidates after falling during the latter half of February.  Prices were buoyed earlier in the month following news that the Indonesian government said they would increase the subsidies related to the creation of bio-diesel.  With soybean oil prices holding steady, the market is attempting…

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