Friday, February 24, 2012

VEGOILS-Palm oil ends higher; global growth worries weigh

* Palm oil to range 3,244-3,292 ringgit -technicals
* Indonesia keeps palm export tax at 16.5 pct for March

(Updates throughout)
By Chew Yee Kiat
SINGAPORE, Feb 24 (Reuters) - Malaysian crude palm oil
futures closed higher on Friday, although gains were capped as
investors were wary that rising oil prices could hurt global
economic growth and commodity demand.
Emerging concerns that No.2 edible oil consumer China's
demand for the tropical oil could ease on high stock level

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