Malaysian palm oil eases

Malaysian palm oil eases

KUALA LUMPUR (Reuters): Malaysia's palm oil market eased further at the close on Tuesday on lingering uncertainty following bearish July 1-15 export data.

The benchmark third position October futures contract fell seven ringgit at 1,040 ringgit (US$273.68) a ton after trading as high as 1,055 ringgit.

Volume was 1,062 lots.

July (south) crude palm oil was offered at 1,020 ringgit a ton against bids of 1,015, and traded at 1,020. July (central) also traded at 1,020.

August (south) crude palm oil was offered at 1,035 ringgit a ton against bids of 1,030. It traded from 1,037 to 1,045 ringgit.

Among refined products, July RBD palm oil was offered at $287.50 a ton FOB, August at $290 and September at $292.50 July RBD palm olein saw offers at $307.50, with August at $310 and September at $312.50

July RBD palm stearin was offered at $232.50 with August at $235 and July/August palm fatty acid distillate at $190.