KUALA LUMPUR, June 23: Malaysian palm oil futures fell across the board on Monday, deserted by speculators who were showing signs of fatigue after last week’s speculative-driven gains.
It’s hard to say where the market is heading, said one dealer.
At the close, the benchmark third-month September contract fell 31 ringgit to 1,421 ringgit ($373.95) a ton after trading as high as 1,447 ringgit.
Overall volume was moderate at 4,852 lots.’
Deals were reported at 1,540 ringgit.
June CPO for central was offered at 1,525 against bids of 1,520 ringgit. There were no deals.
July CPO for southern region was offered at 1,535 ringgit against bids of 1,525.
July CPO for central region was offered at 1,525 against bids of 1,520. No deals were reported. —Reuters
