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Demand destruction to cool world vegoil prices in 2nd half – analysts | Hellenic Shipping News Worldwide

Tight edible oil stockpiles and blocked shipments from the Black Sea area are expected to keep prices near record highs for the coming months, but sticker shock is expected to curb global consumption in the latter half of 2022, industry analysts said. Malaysian palm oil futures raced to an all-time high of 7,268 ringgit ($1,736.26) ...
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