Palm oil prices

Published June 12, 2003

KUALA LUMPUR, June 11: Malaysian crude palm oil futures were unchanged on Wednesday but rebounded from early lows due to speculative buying ahead of the release of official May crop data.

The Malaysian Palm Oil Board (MPOB) is scheduled to release May output, end-month stocks and export estimates on Thursday.

In the physical sector, the June crude palm oil contract for the southern region saw offers at 1,525 ringgit against bids at 1,520.

Deals were reported at 1,515 to 1,520 ringgit.

June CPO for central was offered at 1,520 ringgit against bids of 1,515. Deals were done at 1,520.

July CPO for southern region was offered at 1,510 against bids of 1,500. There were deals at 1,500 to 1,505.—Reuters

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