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Palm at new peak on record soy oil http://apocadocs.com/s.pl?1203796506
"Malaysian palm oil futures jumped more than 2 per cent to a new peak for the sixth straight session on Thursday on tight global vegetable oil supplies and crude oil's record over $101....
Palm oil has climbed nearly 21 per cent this year, driven by increased Chinese and European demand, a flood of funds into commodity markets and Jakarta's plans to hike export taxes for palm oil."
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Rainforests are mown down in Malaysia and Indonesia, to make way for palm oil plantations. Why is it allowed to be profitable?
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