What was already a cheap alternative for edible oil became even more affordable in recent times. Average price of CPO in Malaysia Derivative Exchange during 1Q13 turned out to be Rm2,326 per ton, or 28% lower than the same period in the previous year ("1Q12"). Industry experts believed that the downward pressure on the commodity was triggered by the ongoing global economic slowdown coupled with elevated level of CPO inventory recorded in major producing countries like Indonesia and Malaysia.
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