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Palm oil price crash spells misery for farmers
Published:  Nov 23, 2008 11:09 AM
Updated: 6:15 AM

The global economic slowdown has sent palm oil prices crashing, spelling misery for countless smallholders who have been forced to watch their harvests rot on the trees.

Hundreds of thousands of farmers in Indonesia and Malaysia, which produce 85 percent of the world's palm oil, are reliant on the industry which has gone from boom to bust in just a few months.

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