Palm oil lower

Published April 27, 2005

BANGKOK, April 26: Malaysian crude palm oil futures ended down half a per cent on Tuesday as investors struggled to find clear direction in a thinly-traded market. Dealers said the lethargic trend might persist till next week. If you look at global edible oil scenario, all (oils are) moving at the same kind of pattern, said a dealer. There is no fresh news.

Dealers said they expected the contract to move in a narrow range over the next few days, finding support at 1,430 ringgit and selling pressure at 1,450.

—Reuters

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