Palm-Oil Stockpiles Expanding Add to Record Supply: Commodities
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Record inventories of palm in Indonesia, the largest producer, will add to the biggest global supply of vegetable oils in history, driving down costs for makers of everything from food to fuel to soap.
Indonesian stockpiles of the most-used oil derived from crops will rise 66 percent to 3 million metric tons by the end of 2013-2014, the U.S. Department of Agriculture says. Global output of nine oils including soy, peanut and palm will expand