Wednesday, April 1, 2009

Asia Crude Palm Oil Ends At 6-Mo High On Tight Supply, Soyoil

Crude palm oil futures on Malaysia's derivatives exchange ended sharply higher Wednesday, rising as much as 3.5% to a six-month high, on fresh support due to tight supplies of both palm oil and soyoil, said trade participants.

Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil. CPO prices are in ringgits a ton. Palm kernel oil prices are in ringgits a pikul, a Malaysian measurement equivalent to 60 kilograms.
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 675.00 +05.00 Unquoted - -
May/June 660.00 +10.00
Jul/Aug/Sep 640.00 +20.00 Unquoted - -
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
April 2,200 +50.00 Unquoted - -
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
April 125 +03.00 Unquoted - -

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