01 October 2012 11:06 [Source: ICIS news]
The weaker-than-expected exports added to concerns about rising palm oil stocks because of a seasonal increase in palm oil production, traders said.
Reflecting the cautious sentiment of investors, the December crude palm oil (CPO) futures contract on the Bursa Malaysia Derivatives fell by 3.3% to ringgit (M$) 2,461/tonne ($804/tonne) in late afternoon trade on Monday.
($1 = M$3.06)
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