Thursday, June 21, 2007

Malaysia's Palm Oil Little Changed After Two-Day Decline on Export Figures

(Bloomberg) -- Palm oil futures on the Malaysia
Derivatives Exchange, which trades the benchmark contract, were
little changed after falling for two days on reports that
exports from the country have been declining this month.

The price dropped 3.3 percent on June 19 and yesterday
after Intertek Malaysia, an independent cargo surveyor, said the
Southeast Asian nation exported 15 percent less of the commodity
in the first 20 days of this month compared with May.


Read more at Bloomberg Commodities News

No comments: