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Malaysia, Indonesia agree to strengthen commodity prices

Posted on 26 February 2009

From Bernama: Malaysia and Indonesia have agreed to work together to strengthen commodity prices in particular palm oil and rubber amid the current sagging world prices. Malaysia and Indonesia jointly account for 85 percent of global palm oil production and 40 percent of natural rubber production.

Both countries in a joint statement released here on Wednesday said they have also agreed to take appropriate measures to ensure stable prices in particular for palm oil….. Full Article: Source


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