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Palm kernel extract a cheaper option
18 Dec 2006
Dairy processor Murray Goulburn will start using fodder from Malaysia in mid-January to help feed their cows. The palm-kernel extract is a by-product of the palm oil industry and consists of palm kernel flesh and dried skins. Ross Greenaway from Murray Goulburn says the rising price of grain makes the extract a cheaper option for farmers. “The first load of palm kernel is $220 plus GST plus freight… From then on it will be a spot price, because this is traded as a commodity on the world market and obviously exchange rates will impact on it as well”.
ABC News, 15/12/2006
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