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KUALA LUMPUR, May 26: Malaysia’s palm oil futures snaked lower in lethargic, technically-driven trade on Monday, ignoring market-friendly exports data for the first 25 days of May, traders said.
The benchmark third-month August contract was last traded at 1,376 ringgit ($362.11) a ton, down 14 ringgit.
Overall volume stood at 3,784 lots compared with 5,797 lots last Friday. May contract for central was offered at 1,480 ringgit a ton against bids of 1,470 ringgit. No deals were reported.
June CPO for south was heard at 1,475/1,465 ringgit a ton. June CPO for central was offered at 1,470 ringgit a ton against bids of 1,460 ringgit. —Reuters
