Palm oil futures rise as purchases take advantage of seven-month low

07/17/2013 | Bloomberg

Palm oil futures rose Wednesday as buyers took advantage of a seven-month low reached on Tuesday. The drop had been driven by economic weakness in China and a strong U.S. soybean harvest, but palm oil prices are expected to fare better in the coming months, according to Maybank Investment Bank analyst Ong Chee Ting.

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