Sunday, April 15, 2007

Malaysian Palm Oil Climbs to Highest in More Than Eight Years on Exports

(Bloomberg) -- Palm oil futures rose to the highest in more than eight years on concern that supply may lag behind demand following estimates of higher-than-expected exports from Malaysia, the world's largest producer of the commodity.

Malaysia exported 666,793 metric tons of palm oil in the first 15 days of April, up 47 percent from 454,791 tons recorded in the same period last month, independent cargo surveyor Intertek said.


Read more at Bloomberg Commodities News

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