The benchmark January crude palm oil futures contract on Bursa Malaysia Derivatives (BMD) closed at MYR2,247 a metric ton, down MYR13 or -0.58%, little changed from the opening level of MYR2,260 after trading in a narrow range throughout the day on fears of rising inventories and spillover weakness from crude and soyoil.
Palm oil reserves were at 1.58 million tons at end-September, according to Malaysian Palm Oil Board (MPOB) estimate.
Cash palm olein for January/February/March traded at $690/ton and $687.50/ton, while April/May/June traded at $697.50/ton and $700/ton. Cash CPO for prompt shipment was offered MYR60 lower at MYR2,180/ton.
Closing BMD Crude Palm Oil (CPO) futures prices in MYR/ton at 18:00 MYT:
Month Close Previous Change High Low
Nov 09 2,175 2,200 Dn 25 2,175 2,161
Dec 09 2,221 2,232 Dn 11 2,226 2,206
Jan 10 2,247 2,260 Dn 13 2,254 2,232
Feb 10 2,266 2,280 Dn 14 2,275 2,255
Daily Palm Oil News Summary:
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