(Bloomberg) -- Palm oil futures on the Malaysia
Derivatives Exchange, which trades the benchmark contract, fell
after a forecast that the supply of soybeans, which can be used
a substitute, will increase.
Argentina, the world's third-largest soybean exporter,
yesterday raised its estimate for this year's harvest by 4.4
percent to a record 47.2 million metric tons due to favorable
weather, according to the Agriculture Secretariat.
Read more at Bloomberg Commodities News
Derivatives Exchange, which trades the benchmark contract, fell
after a forecast that the supply of soybeans, which can be used
a substitute, will increase.
Argentina, the world's third-largest soybean exporter,
yesterday raised its estimate for this year's harvest by 4.4
percent to a record 47.2 million metric tons due to favorable
weather, according to the Agriculture Secretariat.
Read more at Bloomberg Commodities News
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