date:Nov 13, 2015
2,330 ringgit ($532) a metric ton, down 52 ringgit, following the release of the data. That is still up significantly from late August, when the price reached its lowest since 2009. But the rallywhich developed as El Nio concerns grewhas run out of steam a bit because the reality is there is plenty of palm oil around today, said Michael Coleman, managing director at RCMA Asset Management.
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Historically, prices have rallied sharply in El Nio years. They rose around 40% during 2006