Wednesday, April 18, 2007

Palm Oil Gains in Malaysia for First Day in Three as Consumption Increases

(Bloomberg) -- Palm oil futures rose for the first day in three on concern supply may not be sufficient to meet global demand for cooking oil and alternative fuel.

Palm oil futures swung between gains and losses this morning on the Malaysia Derivatives Exchange before rising 31 ringgit, or 1.4 percent, to 2,191 ringgit at 12:30 p.m. local time. The contract gained 36 percent in the past six months.


Read more at Bloomberg Commodities News

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