Friday, July 20, 2007

Palm Oil Gains in Malaysia as Export Decline Slows on Improved Demand

(Bloomberg) -- Palm oil futures in Malaysia, the
benchmark for the commodity, gained after reports showing the
decline in the country's exports slowed as the price of the
vegetable oil dropped from its June record.

Palm oil for October delivery on the Malaysia Derivatives
Exchange rose as much as 28 ringgit, or 1.1 percent, to 2,513
ringgit ($734) a ton. It traded at 2,486 ringgit a ton at the
end of the morning trading session.


Read more at Bloomberg Commodities News

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