Palm Oil Prices Attempt to Form a Bottom

Palm oil prices are attempting to form a bottom, as traders await data on exports from Mayalsia. Bean oil prices have been on the defensive, trading lower as investors await export estimates for the first 20 days of May to be released by cargo surveyors. Demand for palm oil is expected to pick up ahead of the holy month of Ramadan that begins later this month.  This has been offset by large inventories of soybeans which…