date:Feb 11, 2014
t 1.93 million tonnes at end-January due to seasonally slowing output, although exports remained weak. There is a heatwave in Brazil and soybeans have been rallying for the past week. Soyoil got a free ride from there, and palm oil is following through, said a trader with a foreign commodities brokerage in Kuala Lumpur.
I believe prices will trade within a range of 2,500-2,620 ringgit. The benchmark April contract on the Bursa Malaysia Derivatives Exchange inched up 1.5 percent to 2,616 ringgi