date:Aug 26, 2015
3, meeting the common definition of a bear market. Prices plunged to as low as 1,863 ringgit in intraday trading.
Palm oil, used in everything from chocolates to cosmetics, is down 16 percent this year, heading for the fourth annual loss in five years as the collapse in crude oil dents its appeal as biodiesel feedstock. Most Asian investors are bearish on palm prices in the short term as supplies gain and biodiesel demand ebbs, according to CIMB Investment Bank Bhd.
An indecisive market direc