Tuesday, July 6, 2010

20100706 1117 Palm Oil News.

Palm at 7-1/2-month lows on currency, demand worry
JAKARTA, July 5 (Reuters) - Malaysian crude palm oil hit a fresh seven-and-a-half month low below 2,300 ringgit a tonne on Monday due to a stronger local currency and concerns about demand for vegetable oils.
World equities fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing worries about slowdowns in the United States and in China -- a major importer of palm oil.

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