Tuesday, June 12, 2007

Malaysian Palm Oil Price Rises on Renewed Demand After 12 Percent Decline

(Bloomberg) -- Malaysian palm oil futures rose,
recovering from a two-day decline of 12 percent, on sustained
demand for cooking oil and alternative fuel.

Global vegetable oil consumption is expected to rise 4.1
percent in the year ending September 2008, driven by increases
in China, India and the European Union, the U.S. Department of
Agriculture said in a report yesterday.


Read more at Bloomberg Commodities News

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