Benchmark Feb 2011 palm oil futures
Traders say China's plan, which also involves cracking down on speculation in agricultural commodities, may slow demand from the world's No.2 buyer of vegetable oils.
Tuesday, November 16, 2010
20101116 1637 Breaking News: China Impose Food Price Control.
KUALA LUMPUR, Nov 16 (Reuters) - Malaysian crude palm oil futures fell as much as 2.1 percent on Tuesday after China unveiled plans to impose food price controls, traders said.
Benchmark Feb 2011 palm oil futures on the Bursa Malaysia Derivatives Exchange dropped 75 ringgit to 3,305 ringgit ($1,054) per tonne by 0717 GMT.
Traders say China's plan, which also involves cracking down on speculation in agricultural commodities, may slow demand from the world's No.2 buyer of vegetable oils.
Benchmark Feb 2011 palm oil futures
Traders say China's plan, which also involves cracking down on speculation in agricultural commodities, may slow demand from the world's No.2 buyer of vegetable oils.
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