(Bloomberg) -- Palm oil futures on the Malaysia
Derivatives Exchange, the global benchmark for the commodity,
climbed for the first day in five as some investors judged the
recent decline was overdone.
The price fell yesterday after Statistics Canada said
farmers in the country had planted a record 14.5 million acres
(5.9 million hectares) of canola, 17 percent more than in 2006.
Canola is used to make cooking oil, and competes with palm oil.
Read more at Bloomberg Commodities News
Derivatives Exchange, the global benchmark for the commodity,
climbed for the first day in five as some investors judged the
recent decline was overdone.
The price fell yesterday after Statistics Canada said
farmers in the country had planted a record 14.5 million acres
(5.9 million hectares) of canola, 17 percent more than in 2006.
Canola is used to make cooking oil, and competes with palm oil.
Read more at Bloomberg Commodities News
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