30 May '11, 7am

VEGOILS-Palm oil at over 2-mth top on demand hopes

VEGOILS-Palm oil at over 2-mth top on demand hopes Topics: Commodities On Monday 30 May 2011, 13:54 SGT * Palm touches highest level since March 21 * Exports data to determine trend-trader * U.S. financial markets close for holiday (Adds details, comments and prices) By Angie Teo KUALA LUMPUR, May 30 (Reuters) - Malaysian palm oil futures hit the highest since March 21 on Monday buoyed by expectations that export data due this week will show solid demand, though talk of stronger production capped gains. "Traders took positions on expectations that exports would show better growth. We're looking at 1.45 million tonnes at least," said a trader in Kuala Lumpur. Cargo surveyors Intertek Testing Services and Societe Generale de Surveillance (SGS) are expected to release May's palm oil export data on Tuesday. [ID:nL3E7FT0EO] SGS reported April exports of 1.32 million tonnes. By ...

Full article: http://sg.finance.yahoo.com/news/VEGOILS-Palm-oil-2-mth-t...

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