Thursday, September 16, 2010

Palm futures decline as Malaysia inventory climbs

CPO FUTURES PALM oil dropped for a second yesterday after a report showed that stockpiles in Malaysia, the second-biggest grower, jumped 23 per cent in August as production gained and exports slumped. Futures for November delivery fell as much as 1.3 per cent to RM2,610 (US$837) a metric ton on the Malaysia Derivatives Exchange and traded at RM2,613 at 5.12 pm local time. Prices slid 1.2 per ...
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