Malaysia August crude palm oil at M$3,117/tonne on Monday

02 August 2011 04:34  [Source: ICIS news]

SINGAPORE(ICIS)--Malaysia crude palm oil (CPO) August contracts were settled at ringgit (M$) 3,117/tonne ($1,060/tonne) at 17:00 hours local time on Monday on the Bursa Malaysia bourse, market sources said on Tuesday.

August CPO contracts on Monday fell by M$23/tonne from M$3,140/tonne at 17:00 hours local time on Friday.

“CPO prices seem to be on a down trend,” a Singapore-based palm oil trader said.

“I believe CPO prices will remain softer this week as production this quarter remains high,” a Malaysian palm oil producer added.

($1 = M$2.94)


By: Serena Seng



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index