date:Apr 04, 2014
Oil Price Index was 204.8 points in March, up 7 points from February, driven primarily by a surge in palm oil. Additionally, tight inventories in Malaysia and the prospect of rising domestic consumption in Indonesia, the top palm oil producer and exporter, contributed to the strengthening in palm oil values, as did reports about a possible El Nio weather event later this year, the F.A.O. said. International prices for soy, sunflower and rape seed oil also firmed, the agency noted.
The Food Pri