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CPO prices set to rise

This article was originally published in The Public Ledger

CRUDE palm oil (CPO) prices should rise during the 2008/09 season with consumption growing faster than production, according to a market report by Standard Chartered. Abah Ofon, analayst at the bank, said CPO output increases in Indonesia and Malaysia have eased market concerns over stocks but tight export supplies of other edible oils and the wide discount for CPO had boosted exports in the first half of 2008.

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