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KUALA LUMPUR, Oct 21: Malaysian palm oil futures ended higher on Monday after export estimates for October 1-20 from the market’s main cargo surveyor fell within trade expectations, dealers said.
Benchmark third-month January futures ended 10 ringgit up at 1,443 ringgit ($380) a ton.
But trading was light, with volume only at 2,670 lots, compared with Friday’s 4,992 lots.
In physical crude palm oil trade the October and November contracts were offered at 1,445 ringgit a tonne against bids of 1,440 in the southern and central regions.
Deals for October were done at 1,437.50 to 1,440 ringgit while October recorded business at 1,437.50 to 1442.50.—Reuters
