05/11/2012 (The Star) - Crude palm oil (CPO) for January fell RM90 or 3.6% to RM2,406 on Monday on worries about the stockpile and ahead of the production and export data by early next week.

At 11.14am, the FBM KLCI was down 3.06 points to 1,653.07. Turnover was 410.45 million shares valued at RM313.41mil. Losers beat advancers 330 to 144 while 262 counters were unchanged.

Plantations were the top losers, with United Plantations down 96 sen to RM24.46 with 300 shares done.

KL Kepong lost 20 sen top RM21, Sarawak Oil Palm 14 sen to RM6.22 and PPB Group12 sen to RM12.88.

Reuters said the market was also under pressure from declines in other vegetable oil markets.

By 11am, US soyoil for December delivery slipped 0.9%, while the most active May 2013 soybean oil contract on the Dalian Commodity Exchange also fell 2.7%.