Tuesday, June 12, 2007

Palm Oil Price in Malaysia Rises Most in More Than Five Months on Demand

(Bloomberg) -- Malaysian palm oil futures gained
the most in more than five months, 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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