MARKET DEVELOPMENT
Crude Palm Oil Futures Fall to Mid-February Low
Crude Palm Oil Futures Fall to Mid-February Low
31/03/2014 (The Star) - Crude palm oil (CPO) futures for June delivery fell to a low of RM2,651 per tonne, the lowest since Feb 13 this year on weaker exports.
It was down RM4 to RM2,647 per tonne at the midday break.
Intertek reported Malaysia's March palm oil exports fell 3.1% in March to 1.205 million tonnes from 1.244 million tonnes in February.
News reports said CPO was pricing itself out when compared with other edible oils.
At 3.17pm, KL Kepong was down 54 sen to RM24.38. There were 228,900 shares traded.
United Plantations lost 20 sen to RM24.70, Felda Global Venture fell five sen to RM4.65 and IOI Corp three sen to RM4.80.
CB Industrial Products, which builds palm oil mills, lost 11 sen to RM4.41.
It was down RM4 to RM2,647 per tonne at the midday break.
Intertek reported Malaysia's March palm oil exports fell 3.1% in March to 1.205 million tonnes from 1.244 million tonnes in February.
News reports said CPO was pricing itself out when compared with other edible oils.
At 3.17pm, KL Kepong was down 54 sen to RM24.38. There were 228,900 shares traded.
United Plantations lost 20 sen to RM24.70, Felda Global Venture fell five sen to RM4.65 and IOI Corp three sen to RM4.80.
CB Industrial Products, which builds palm oil mills, lost 11 sen to RM4.41.