Sunday, May 6, 2007

Malaysia Palm Oil Falls on Concern Losses in Other Oils May Curb Demand

(Bloomberg) -- Palm oil futures fell for a second day amid concern that a drop in prices of rival vegetable oils may curb demand.

Soybean oil fell 1.4 percent from a three-year high in Chicago on May 4 on speculation that prices will curb demand for the commodity to make into fuel, while canola oil, traded on the Winnipeg Commodities Exchange, fell 0.8 percent. Vegetable oil prices usually move in lockstep.


Read more at Bloomberg Commodities News

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