Palm oil prices slips as West Texas crude falls

In Malaysia, palm oil prices are slipping as demand drops for biodiesel production following lower West Texas oil prices. Barrel prices fell to below $90 on good economic data coming out of China, who saw GDP growth of 7.7% during Q1, which in turn led to palm oil slipping 1.8%. It has fallen 5.5% so far in 2013.

Category: Fuels