date:May 31, 2013
ighest since March 28, as investors anticipated tight suppliesand a demand pick-up ahead of a Muslim festival, which wouldhelp trim stocks in No.2 producer Malaysia.
Technicals showed palm oil is expected to end the currentcorrection above a support at 2,362 ringgit per tonne and thenrise towards Wednesday's 2,420 ringgit high, Reuters marketanalyst Wang Tao said.
Investors hope the Ramadan fasting month in July, whencommunal feasting usually boosts consumption, will nudge updemand of the edi