Palm Oil reserves ~ Sep 09 : 1.58 m tons

November 5, 2009 23:00 UTC+8
Crude Palm Oil Ends Down on Rising Inventories – Range Bound Trade

The benchmark January crude palm oil futures contract on BMD closed at MYR2,247 a metric ton, down MYR13 or -0.58%, little changed from the opening level of MYR2,260 after trading in a narrow range throughout the day on fears of rising inventories and spillover weakness from crude and soyoil.

Palm oil reserves were at 1.58 million tons at end-September, according to Malaysian Palm Oil Board (MPOB) estimate.

Cash palm olein for January/February/March traded at $690/ton and $687.50/ton, while April/May/June traded at $697.50/ton and $700/ton. Cash CPO for prompt shipment was offered MYR60 lower at MYR2,180/ton.
*