Wednesday, August 10, 2011

Breaking news-RTRS - China to buy more palm oil as price low- Oil World

HAMBURG, Aug 9 (Reuters) - Low palm oil prices are likely to generate more Chinese buying and strong demand from China and other importers may help support palm prices, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Malaysian palm oil futures dropped on Monday to their lowest in more than nine months as investors fretted over global economic growth and the outlook for commodity demand after the United States lost its top credit rating.