date:Aug 26, 2014
Malaysian palm oil futures ended higher on Monday, snapping an eight-day losing streak, as short-covering reversed losses from the morning session and helped the tropical oil stay above 2,000 ringgit. Palm had tumbled to a March 2009 low of 1,954 ringgit in early trade as financing troubles in China, coupled with lacklustre export demand, triggered speculative selling.
A bout of covering in late trading, however, helped prices recover some losses. There was a lot of short-covering due to an ov