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  1. The market has been tipped out of balance

    ... halted production during lockdown. A deficit emerged that is yet to be filled. Thirdly, there has been a growth in the use of biodiesel, which is made using these biological materials. Fourthly, we have seen crop failures. The key producers of, say, palm oil, are located in South-East Asia (Malaysia and India). Growth in Price of Oils in 2020–2021 People expected a September bumper crop in Malaysia this year, but it never came to pass. As a result, prices jumped sharply. This price rise ...