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KUALA LUMPUR, Nov 25: Malaysian palm oil futures ended lower after shipment estimates released on Monday reinforced expectations that the market was headed for its first month of weak exports since July.
The benchmark third-month February futures settled 19 ringgit down at 1,553 ringgit ($408) a ton, after touching a low of 1,548, due to the poor export estimates for November 1-25.
Physical crude palm oil for November saw bids closing at 1,555 ringgit a ton against sellers’ offers of 1,565 ringgit for the southern and central regions.
December CPO was on offer at 1,570 ringgit a ton against bids of 1,560 ringgit for south and central.—Reuters
