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Palm oil stock decline

This article was originally published in The Public Ledger

INDONESIA saw its palm oil stocks fall 14% at the end of January 2009 versus December to 1.8m tonnes, due to a decline in production volume. Sahat Sinaga, executive director of Indonesia's vegetable oil federation GIMNI, said this was still relatively high due to weak exports and the country should boost domestic consumption, including for biodiesel.

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