Malaysian palm oil ends mixed, eyes Chicago
Malaysian palm oil ends mixed, eyes Chicago
KUALA LUMPUR (Reuters): Malaysian palm oil futures ignored positive export data and ended mixed on Friday on worries of further falls on the Chicago Board of Trade (CBOT) and the absence of fresh leads, traders said.
Cargo surveyor Societe Generale de Surveillance Malaysia Sdn Bhd (SGS) said Malaysian palm oil exports in the first 15 days of June rose to 453,336 tons from 429,985 in the same period in May.
At the close, the benchmark third-month August contract, which expires on Friday, was down 10 ringgit at 813 ringgit ($213.95), a day's low. Overall volume was 1,202 lots.
In the physical sector, June crude palm oil (CPO) for the southern region was offered at 810 ringgit a ton against bids at 805. Trades were done at 810 to 815.
June (CPO) for the central region saw offers at 810 ringgit against bids of 800. Trade was reported at 810.
July CPO for the southern and central regions saw offers at 815 ringgit against bids of 810. Trade was reported at 815 to 820 for both.
Among refined products, June RBD palm oil was offered at $232.50 a ton FOB and July at $235.