(Bloomberg) -- Palm oil futures in Malaysia, the
benchmark for the commodity, rose for a second day on the outlook
for increased demand before the Chinese mid-autumn harvest
festival and the Muslim holy month of Ramadan.
The harvest festival, when baked foods are traditionally
eaten, is celebrated by Chinese people around Asia. Muslims, who
fast for a month between dawn and sunset from mid-September,
often consume fried foods during non-fasting hours. Palm oil is
mostly used as cooking oil, in margarine and shortening, and in
food products, especially baked goods and snacks.
Read more at Bloomberg Commodities News
benchmark for the commodity, rose for a second day on the outlook
for increased demand before the Chinese mid-autumn harvest
festival and the Muslim holy month of Ramadan.
The harvest festival, when baked foods are traditionally
eaten, is celebrated by Chinese people around Asia. Muslims, who
fast for a month between dawn and sunset from mid-September,
often consume fried foods during non-fasting hours. Palm oil is
mostly used as cooking oil, in margarine and shortening, and in
food products, especially baked goods and snacks.
Read more at Bloomberg Commodities News
No comments:
Post a Comment