Palm oil tracks crude higher, further downside risk
JAKARTA, July 4 (Reuters) - Malaysian palm oil futures bounced back from a low last hit in October last year in the previous session as firm crude prices supported, although investors expect further weakness due to a higher output cycle in the second half.
"The market today is pretty firm," said one trader, adding the longer-term outlook looked patchy. "Everybody sees the second half (of 2011) as a bit bad, but it will depend on the macro economy. If we have any supply problems then the market will stay put."
India's rapeseed meal exports may fall on China quality worry
NEW DELHI, July 1 (Reuters) - Indian rapeseed meal exports could fall after its biggest buyer China raised quality concerns over its shipments and the fate of two Indian cargoes of about 30,000 tonnes hung in the balance as Chinese officials inspected them for a hazardous chemical.
More than half of India's 936,238 tonne of rapeseed meal exports went to China in 2010/11, but that figure could come down if the issue over quality was not resolved soon, Indian traders said on Friday.
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