Browsing Tag

Asian Trade

Palm oil futures up

October 25, 2012: Malaysian palm oil futures inched up on Wednesday as investors bet on increased festival demand for the tropical oil, although prices were locked in a tight range due to lingering concerns over record-high stocks. The upcoming Diwali festival celebrated by major vegetable oil importer India could lead buyers to snap up palm oil, easing a growing stockpile in the world's No 2 producer. In addition, cargo surveyor data showing Malaysia's palm exports grew as much as 17…

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