PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 29 Nov 2024

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MARKET DEVELOPMENT
USD Weakness Positive For Palm Oil Demand
calendar24-02-2005 | linkOilmandi | Share This Post:

2/23/05 Oilmandi - Renewed USD weakness another factor likely to supportpalm oil market in near term, traders say. EUR/USD now at 1.326, highestsince mid-January. Continued USD weakness makes dollar-denominatedcommodities like palm oil more attractive for consumers, likely to triggerfresh buying interest.