CPO Moves Higher as Weekly Momentum Turns Positive

Palm oil prices are on the rise, in tandem with soy bean oil prices, as stronger export demand in Mayalsia is lifting prices. Data released by the Malaysian Palm  Oil Board Thursday showed exports rose 1.3% in July. The rise comes despite solid production increases which showeed that palm oil production grew 21%, while inventories rose 17%  in the same period. Demand for vegetable and oil seed continue to…