Monday, July 12, 2010

20100712 1115 Soy Oil & Palm Oil Related News.

ITS Cargo Surveyor Export : 474,928 tonnes, up 9.14%.

Soyoil futures settled higher as well, rallying in tandem with the rest of the complex on supply concerns in soybeans and supportive influences from energy markets, analysts said. Crude oil influences soyoil due to their use in making renewable fuels. December soyoil settled 0.52 cent, or 1.5%, higher at 38.27 cents per pound.(Source: CME)

Palm oil ends up 0.48 pct on firm grains, oil
JAKARTA, July 9 (Reuters) - Malaysian crude palm oil settled up 0.48 percent Friday on gains crude oil and grains markets with players expect gains to continue next week, traders said.
"Rising grains and energy prices helped prices sustain itself in positive territory," a trader in a local brokerage firm said.

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