(Bloomberg) -- Palm oil futures in Malaysia rose to
an all-time high amid concern that supplies in Southeast Asian
producing countries may not be enough to meet surging export
demand as well as domestic market needs.
Palm oil for August delivery, the most actively traded
contract on the Malaysia Derivatives Exchange, rose 23 ringgit,
or 0.9 percent, to a record 2,624 ringgit ($772) a metric ton. It
traded at 2,623 ringgit at 11:08 a.m. local time.
Read more at Bloomberg Commodities News
an all-time high amid concern that supplies in Southeast Asian
producing countries may not be enough to meet surging export
demand as well as domestic market needs.
Palm oil for August delivery, the most actively traded
contract on the Malaysia Derivatives Exchange, rose 23 ringgit,
or 0.9 percent, to a record 2,624 ringgit ($772) a metric ton. It
traded at 2,623 ringgit at 11:08 a.m. local time.
Read more at Bloomberg Commodities News
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