KL palm oil extends fall, eyes Chicago

KL palm oil extends fall, eyes Chicago

KUALA LUMPUR (Reuters): Malaysian palm oil futures stayed in a negative territory throughout Monday on worries over fresh falls on the Chicago Board of Trade (CBOT), traders said.

The new benchmark third-month September contract was down 17 ringgit at 806 ringgit (US$212.11) after trading as low as 802. Volume was 1,366 lots.

In the physical sector, June crude palm oil (CPO) for the southern region was offered at 790 ringgit a tonne against bids at 785. Trades were done at 790.

June (CPO) for the central region saw offers at 790 ringgit against bids of 787.50. Trade was reported at 787.50 to 790.

July CPO for the southern and central regions saw offers at 800 ringgit against bids of 790. Trade was reported at 795 to 800 for south and at 792.50 for central.

Among refined products, June/July RBD palm oil was offered at $230 a tonne FOB.

There were offers for June/July RBD olein at $245 and June RBD palm stearin was offered at $182.50. June palm fatty acid distillate was offered at $147.50.