KUALA LUMPUR, Sept 8: Malaysian crude palm oil futures ended down in thin volume after a drop in prices of US soyaoil depressed the domestic market ahead of key crop and export data due on Monday.
The key November crude palm oil contract on Bursa Malaysia Derivatives fell 7 ringgit to 1,381 ringgit a ton on Thursday, after moving between a high of 1,379 and low of 1,386.
Overall volume was 1,845 lots, against Wednesday’s 2,605 lots. Trades can total 6,000 lots or more in an active market.
September soyaoil on the Chicago Board of Trade closed down 0.23 cent at 22.62 cents per lb on Wednesday, and remained weak in Thursday’s electronic session conducted during Asian trading hours.
In physical dealings of crude palm oil on Thursday, September contract saw offers closing at 1,377.50 ringgit a ton and bids at 1,372.50 in the southern region of Malaysia.
In the central region, offers/ bids stood at 1,375/1,370 ringgit.
Trades were reported at 1,375 ringgit in the south and 1,370 in the central region. —Reuters
