MARKET DEVELOPMENT
Crude Palm Oil Futures Down RM40 At Midday
Crude Palm Oil Futures Down RM40 At Midday
10/09/2013 (The Star) - Crude palm oil (CPO) futures for third month delivery fell RM40 to RM2,359 at midday on Tuesday.
At RM2,359, this was the lowest since Aug 22.
The Malaysian Palm Oil Board (MPOB) reported on Tuesday that Malaysia's CPO production rose 3.61% to 1.735 million tonnes in August from 1.674 million tonnes in July.
August palm oil exports rose 7.37% to 1.523 million tonnes from 1.418 million tonnes in July.
Meanwhile, shipments rose to 462,671 tonnes in the Sept 1-10 period from 417,414 tonnes in the same period in August.
At RM2,359, this was the lowest since Aug 22.
The Malaysian Palm Oil Board (MPOB) reported on Tuesday that Malaysia's CPO production rose 3.61% to 1.735 million tonnes in August from 1.674 million tonnes in July.
August palm oil exports rose 7.37% to 1.523 million tonnes from 1.418 million tonnes in July.
Meanwhile, shipments rose to 462,671 tonnes in the Sept 1-10 period from 417,414 tonnes in the same period in August.