Thursday, July 12, 2007

Palm Oil Little Changed in Malaysia Amid Speculation Supplies Set to Gain

(Bloomberg) -- Palm oil futures in Malaysia, the
benchmark for the commodity, were little changed near a five-
week high amid speculation the price may decline in the second
half of the year as supplies of the vegetable oil increase.

There's ``potential for weaker crude palm oil prices,''
analyst Andreas Bokkenheuser of PT UBS Securities Indonesia said
today from Jakarta. ``The majority of total-year production
occurs in the second half.''


Read more at Bloomberg Commodities News

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