13/11/2012 (The Star) - Crude palm oil (CPO) futures were off their lows in late Monday trade after the October palm oil stocks rose less than expected.

At 3.53pm, CPO for January delivery fell RM19 to RM2,297 per tonne. Earlier, it tumbled to RM2,220, the lowest since November 2009.

CPO for February fell RM15 to RM2,338 and for March, it was down RM30 to RM2,375.

Malaysia's October palm oil stocks inched up 1.1% to a record 2,508,644 tonnes from a revised 2,480,990 tonnes in September, Reuters reported industry regulator Malaysian Palm Oil Board as saying on Monday.

October's rise missed market expectations that stocks in the world's No.2 palm oil producer likely climbed 7.5% to 2.67 million tonnes, the wire report said.