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Drought, El Nino could cause spike in palm oil prices

Dry weather could hit Indonesia, Malaysia production by as early as Sept: analyst
Tuesday, May 13, 2014 - 06:00

Jakarta SOUTH-EAST Asia's booming palm oil industry is facing a double blow from a recent drought and a possible El Nino weather phenomenon later this year, with analysts warning that a production shortfall could spark a jump in consumer goods prices. From biscuits to shampoo and make-up, the