metric ton :
- n a unit of weight equivalent to 1000 kilograms
News & Articles
- Palm Oil Drops to One-Month Low on Rising Soybean Oil Supplies
The contract for September delivery lost as much as 1.4 percent to 2,347 ringgit ($737) a metric ton on the Bursa Malaysia Derivatives, the lowest price for the most-active futures since May 23, and ended the morning session at 2,348 ringgit.
June 27, 2013 - Bloomberg
- Palm Reserves Rising Most Since 1999 After Oil Rout: Commodities
Stockpiles of the most-used cooking oil are poised to jump 21 percent to a record 9.5 million metric tons in 2013-2014, U.S. Department of Agriculture data show. Demand will advance 4.4 percent, the least in 12 years.
June 25, 2013 - Bloomberg
- Platts Report: China Oil Demand Rose 1.9% in May Versus a Year Ago
SINGAPORE, June 25, 2013 /PRNewswire/ -- China's apparent oil demand* in May rose by 1.9% to an average 9.53 million barrels per day (b/d) or 40.31 million metric tons (mt), a just-released Platts analysis ...
June 25, 2013 - PR Newswire via Yahoo! Finance