(Bloomberg) -- Palm oil futures in Malaysia, which
trades the benchmark contract, rose after a report that China's
imports gained, indicating sustained demand for the world's most
consumed vegetable oil.
China imported 1.68 million tons in the first five months
of this year, 29 percent more than a year earlier, the customs
office said today. The palm oil price reached a record this
month on concern rising demand from China and India, the biggest
vegetable oil users, may strain supplies and deplete stockpiles.
Read more at Bloomberg Commodities News
trades the benchmark contract, rose after a report that China's
imports gained, indicating sustained demand for the world's most
consumed vegetable oil.
China imported 1.68 million tons in the first five months
of this year, 29 percent more than a year earlier, the customs
office said today. The palm oil price reached a record this
month on concern rising demand from China and India, the biggest
vegetable oil users, may strain supplies and deplete stockpiles.
Read more at Bloomberg Commodities News
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