Falling Food Prices Drive Organic Purchasing
Food inflation is beginning to decelerate, which is good news...
Following a sideways day of trading for global vegetable oil futures, palm and soybean oil prices ended lower on Friday on profit-taking and the liquidation of long positions by funds. U.S. soybean oil prices reversed early gains that were driven by the expected expiration of the Black Sea export deal on July 17 and weakness in the U.S. dollar, which fell to a 14-month low this week. <...
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