Palm oil futures are hit.
The Malaysian Government and Indonesian Government have planned to divert their surplus to the manufacture of bio diesel.
Malaysia has announced that it will stop export of CPO,if the price tumbles further.
A brave and timely announcement.
Palm oil is the cheapest cooking oil available.
India, China and most of the European nations are the chief importers.
Malaysian economy depends largely on Palm oil.
Oil palm is Malaysia's cash crop.
The future of oil Palm is very encouraging.
Palm oil is an essential commodity for cooking.
It is a source for bio diesel.
Transport and food are vital for the living organism-man.
The downtrend in price is temporary.
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