Palm oil edges up; weather, global economy in focus
1/25/2012 2:49:21 PM
KUALA LUMPUR: Malaysian crudepalm oil futures edged up in post-holiday trade on Wednesday as traders focused on dry south American weather affecting soy yields, although concerns of a looming Greek debt default curbed gains.
Investors shifted their focus to the U.S. Federal Reserve that is expected to keep interest rates at ultra-low levels at the end on Wednesday of a two-day meeting, potentially weakening the U.S. dollar.
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