Malaysia palm ends down

Malaysia palm ends down

KUALA LUMPUR (Reuters): Malaysian palm oil took a second straight day of beating, with traders saying the market was dipping to a more realistic level after rising too far and too fast over government plans which have not seen action.

The benchmark third-month June contract fell as much as 25 ringgit through the day before pulling back to close 17 ringgit lower at 845 ringgit a tonne. Since Monday's close, June futures have lost 30 ringgit.

Volume in futures trading totalled 2,157 lots. The market's downside also affected activity in physical palm oil.

Traders said April crude palm oil for the southern region was offered at 845 ringgit a tonne against bids of 840 and traded at 840 to 845.

April (central) saw offers at 845 ringgit, bids at 840 and trade at 845.

* For table on Malaysian palm physical oil prices, including refined oil, double click on or type OILS/MYO1 and press enter.