KUALA LUMPUR: Malaysian Palm oil futures ended flat on Wednesday evening, previously charting two earlier sessions of declines, as it traded in a tight range due to lacklustre export data.
The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged up slightly at the midday break, but eased gains to close flat at 2,397 ringgit ($613.04) a tonne at the end of the trading day. Trading volumes stood at 34,768 lots of 25 tonnes each at the close of trade.
Exports of Malaysian palm oil products for April 1-25 fell 0.8 per cent compared with the corresponding period last month, according to AmSpec. Meanwhile, SGS reported a 2.5pc decline for the same duration.
Published in Dawn, April 26th, 2018
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