(Bloomberg) -- Palm oil prices in Malaysia fell the
most in five days after a report that Canadian farmers planted a
record canola crop, increasing supplies of alternative oils.
Canadian farmers planted 14.5 million acres of canola, 17
percent more than in 2006, beating the previous record set in
1994 of 14.2 million acres, Statistics Canada said on its
website yesterday. They planted less acreage for flaxseed, lured
by better prices for canola, the report said. Canada is the
third largest canola producer after China and EU countries.
Read more at Bloomberg Commodities News
most in five days after a report that Canadian farmers planted a
record canola crop, increasing supplies of alternative oils.
Canadian farmers planted 14.5 million acres of canola, 17
percent more than in 2006, beating the previous record set in
1994 of 14.2 million acres, Statistics Canada said on its
website yesterday. They planted less acreage for flaxseed, lured
by better prices for canola, the report said. Canada is the
third largest canola producer after China and EU countries.
Read more at Bloomberg Commodities News
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