Palm Oil drops on concerns about China's growth

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Palm oil prices declined to the lowest point in three weeks amid speculations that China's economic growth might slow down. China is the second largest palm buyer after India. The selling was triggered by a credit crunch, which resulted in interbank rates rising to record high last week. September delivery contract lost 1.3% and trades at $745 a metric ton.

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