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Palm oil is expected to drop on increasing global supplies according to Mistry - TradingGrowth
According to Dorab Mistry, director at Godrej International Ltd., palm, the world’s most common cooking oil, may drop to the lowest level since 2009 by January as global supplies of edible oils grow larger and crude oil weakens. Futures are expected pull back to 2,000 ringgit a metric ton in Kuala Lumpur if Argentina and …