22 October 2013

Palm Oil Fluctuates on Speculation Chinese Imports Set to Slow

Palm oil swung between gains and losses on concern that imports by China, the second-biggest buyer, may expand at the slowest pace in three years.

The contract for delivery in January fell and rose at least 0.2 percent and was at 2,438 ringgit ($766) a metric ton on the Bursa Malaysia Derivatives at 12:10 p.m. in Kuala Lumpur. Futures closed yesterday at 2,437 ringgit, the highest price for most-active futures since Sept. 6. Palm for physical delivery in November was at 2,420 ringgit yesterday, data compiled by Bloomberg show. READ MORE 

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