date:Aug 26, 2014
ersold situation in the market in the last two days. A rebound in the Dalian palm oil market also prompted the short-covering, said a trader with a local commodities brokerage in Kuala Lumpur. But there's no fundamental reason for the rebound. All the bearish news - the higher production, low exports - is already well absorbed.
The benchmark November contract on the Bursa Malaysia Derivatives Exchange inched up 1.6 percent to 2,027 ringgit ($641) per tonne by Monday's close, pulling away from