Mixed close for KL palm oil

Mixed close for KL palm oil

KUALA LUMPUR (Reuters): Malaysian palm oil futures closed mixed on Tuesday after a session dominated by switch activity.

Traders said the activity helped offset slower exports for July 1-25.

The benchmark third position October futures contract ended down two ringgit at 1,059 ringgit ($278.68) a ton after trading as low as 1,050.

Volume totaled 2,014 lots, with most of the day's business concentrated on the front three contracts.

Aug (south) crude palm oil was offered at 1,060 ringgit a ton against bids of 1,055. It traded from 1,045 to 1,057.50.

Among refined products, Aug RBD palm oil was offered at $295 a ton FOB, with Sep at $297.50 and Oct/Nov/Dec at $310.

There were offers for Aug RBD palm olein at $315, with Sep at $317.50 and Oct/Nov/Dec at $330.

Aug/Sep RBD palm stearin was offered at $237.50 and Aug/Sep palm fatty acid distillate at $192.50.