Palm down on weak exports, higher output

By Roger Baettig | July 18 2012 11:09 AM

Malaysian crude palm oil futures edged down as traders booked profits partly on weaker exports and better production outlook in Malaysia after a recent U.S. weather-fuelled rally. I think the market just doesn't have enough push to go up further at the moment. But it won't be going down much also because of the wide spread between soybean oil and palm oil, said a Singapore-based trader with a commodities house.

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