palm oil, page-2

CRUDE Palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower on a weak market sentiment for Soyoil and expectations of increasing palm oil stocks, dealers said.

Dealers said, palm oil stock in Malaysia is expected to increase on strong production. Meanwhile, the weak market sentiment for Soyoil futures on the Chicago Board of Trade (CBOT) due to renewed concerns of the subprime issue has also depressed prices for other vegetable oils in Asiaa trade including CPO.

Reference: http://www.mpoc.org.my/mktstat_bmd.asp