CRUDE PALM OIL
Crude palm oil (CPO) futures prices on the Malaysian Derivatives Exchange (MDEX) started 2003 on a bearish tone and declined sharply in the first two quarters, making new year's lows at the RM1,233 per tonne in early August. They then rebounded sharply on stronger demand and bullish soyoil prices before settling the year with solid gains at RM1,774, up RM130 or 7.9% from a year ago.
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