Palm oil prices weakened in August on lower prices for rival oils and a poor macroeconomic outlook. Prices averaged USD 949 per metric ton in August, down 2.3% from July’s price and 12.0% lower year on year. Meanwhile, palm oil traded at USD 963 per metric ton on 31 August, 1.3% higher month on month.
Palm Oil (prices in US$/mt, aop)
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