Wednesday, May 9, 2007

Palm Oil Rises to Highest in More Than Eight Years on Forecast for Exports

(Bloomberg) -- Palm oil futures in Malaysia, the world's largest grower last year, rose to their highest in more than eight years after an estimate of higher exports of the commodity from the Southeast Asian nation.

The country exported 8.1 percent more palm oil in the first 10 days of May than a month earlier, independent cargo surveyor Intertek said today. A total of 463,865 tons were shipped compared with 428,985 tons last month, it said.


Read more at Bloomberg Commodities News

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