KL palm oil resumes fall

KL palm oil resumes fall

KUALA LUMPUR (Reuters): Malaysian palm oil futures resumed their downtrend on Tuesday after a brief respite as worries about growing stocks and intense export competition with Indonesia triggered fresh liquidation, traders said.

The benchmark third-month January futures KPOF1 ended down 19 ringgit at 826 ringgit (US$217.37) a ton after trading as low as 819.

Physical Oct (south) crude palm oil was offered at 745 ringgit a ton against bids of 740, and trade was done at 750 to 745 ringgit.

Nov (south) saw offers at 765 and bids at 760, with trade done at 770 to 760 ringgit.

Among refined products, Oct and Nov RBD palm oil were offered at $220 a ton FOB and Dec at $225.

There were offers for Oct and Nov RBD palm olein at $245, with Dec at $250.

Oct RBD palm stearin was offered at $155 and Oct palm fatty acid distillate at $130.