Thursday, April 2, 2009

Asian CPO Ends At 6-Mo High On Palm Olein Sales, Lower Output

Crude palm oil futures on Malaysia's derivatives exchange rose as much as 5.1% to a fresh six-month high, crossing MYR2,150 a metric ton, as one global trading company locked in supplies for palm olein and trade participants estimated lower output for March. Palmoil.com
(Dow Jones)--The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday,supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil. CPO prices are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 705.00 +30.00 Unquoted - -
May/June 690.00 +30.00
Jul/Aug/Sep 670.00 +30.00 Unquoted - -
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
April 2,280 +80.00 Unquoted - -

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