(Bloomberg) -- Palm oil futures in Malaysia, the
benchmark for the contract, rose on the outlook for Chinese
demand, and as its price compares favorably with soybean oil,
the main rival product.
China, the largest buyer of vegetable oils, imported 32
percent more of them in the first six months of the year, or 3.7
million tons, Chinese customs data showed yesterday. Palm oil is
used in foods, cleaning agents and as a fuel additive.
Read more at Bloomberg Commodities News
benchmark for the contract, rose on the outlook for Chinese
demand, and as its price compares favorably with soybean oil,
the main rival product.
China, the largest buyer of vegetable oils, imported 32
percent more of them in the first six months of the year, or 3.7
million tons, Chinese customs data showed yesterday. Palm oil is
used in foods, cleaning agents and as a fuel additive.
Read more at Bloomberg Commodities News
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