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

Malaysian Palm Oil May Average 54 Percent Higher This Year, OSK Forecasts

(Bloomberg) -- Palm oil futures in Malaysia, trader
of the benchmark contract, may average 54 percent higher this
year because of demand led by China for the world's most
consumed vegetable oil, according to OSK Research Sdn.

The futures may average 2,400 ringgit ($694) a ton this
year, Alvin Tai, an analyst at OSK, said today. This compares
with an average of 1,559 ringgit last year. He raised his
forecast by 12 percent from an earlier estimate of 2,150 ringgit.


Read more at Bloomberg Commodities News