Palm oil rises on European vegoils market

28 Nov, 2015

Palm oil on the European vegetable oils market edged up on Wednesday due to the strong ringgit and bargain buying in Malaysian palm oil futures after talk of lower output during the first 20 days of November. "Business was slow today because of (the US) Thanksgiving Day holiday on Thursday when both German oilseed traders and Dutch grain traders have their annual trade dinner," one broker said.

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