KUALA LUMPUR, Oct 20: Malaysian crude palm oil futures fell on Thursday after cargo surveyors estimated that growth in palm oil exports between Oct. 1 and 20 was slower than in the first 15 days of the month.
The benchmark third-month January crude palm oil contract on Bursa Malaysia Derivatives settled down 5 ringgit at 1,434 ringgit ($380.37) a ton.
It had fallen as much as 10 ringgit earlier to an intraday low of 1,429.
Other traded months closed down 7 to 11 ringgit.
Overall market volume was 5,872 lots of 25 tons each, versus Wednesday’s 6,245 lots.
Prices of physical crude palm oil were also down, following the trend in futures. Offers for October delivery were priced at at 1,440 ringgit, against bids of 1,435. Tuesday’s close was 1,445/1,440.
Trades were reported at 1,445 to 1,435 ringgit.—Reuters
