Crude, palm oil rates fall from record highs, but FMCG firms rule out price cuts - Business News: Latest News & Videos about market and economy | Trendmergers

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Crude, palm oil rates fall from record highs, but FMCG firms rule out price cuts

Palm oil is used in making products such as soaps, biscuits and noodles while crude is a key input for detergent and packaging, among others. Palm oil has dropped below $1,300 per metric tonne from highs of $1,800-1,900 while crude oil has retreated to less than $107 per barrel, down from a peak of about $130.

from Industry-Economic Times
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