Malaysia Palm Oil Gains For Third Day to Record on Chinese, Indian Demand

(Bloomberg) -- Palm oil futures in Malaysia advanced
for a third day to a record on signs of sustained demand from
China and India, the biggest consumers of the vegetable oil.

Malaysian exports of palm oil to China for the first five
months of the year rose 27 percent over the year-earlier period,
taking China's share of exports to 29 percent from 22 percent in
the same period last year, data from cargo surveyor Societe
Generale de Surveillance showed on May 31.


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