Wednesday, April 15, 2009

Asia Crude Palm Oil Down; Trade Volatile On Conflicting Cues

Asia Crude Palm Oil Down; Trade Volatile On Conflicting Cues

Crude palm oil futures on Malaysia's derivatives exchange fell Wednesday in volatile trade that saw prices swing between positive and negative territory, said trade participants.

Read also in category "Palm market news":

The following are prices for Malaysian palm oil in the cash market at 1000GMT Wednesday, supplied by commodity broker Matthes & Porton Bhd.

BMD CPO futures up and down as volatile trade continues in second trading session on conflicting export data, traders say.

Malaysia's palm oil exports during April 1-15 fell 1.6% to 582,823 metric tons from the same period a month earlier, cargo surveyor SGS (Malaysia) Bhd. said Wednesday.

Malaysia's palm oil exports higher on more shipments to EU, India, Middle East.

India's state-run PEC Ltd. issued a tender to import 12,000 metric tons of crude palm oil for delivery in May, the company said.

Malaysia's palm oil exports rose 3.7% on month during the April 1-15 period to 613,677 metric tons, cargo surveyor Intertek Agri Services said Wednesday.

Read more on Palmoil.com homepage

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