Last Updated : January 05, 2012 18:53
Malayasia palm oil traded lower on profit booking
KUALA LUMPUR (Commodity Online): Profit booking amid weakening of equities and commodities on renewd worries over the euro-zone sovereign-debt crisis, caused the
Crude Palm Oil futures on Malaysia’s Bursa Derivatives exchange to slip 1.1% at MYR 3,190 a metric ton.
According to analysts, the profitbooking occurred due to estimates that
Crude Palm Oil output in Malaysia probably fell 10%-15% in December as heavy rain in key growing areas hampered harvesting.
On Chicago Board of Trade, March soyoil traded 0.9% lower at 52.53 cents a pound.
MCX GOLD.995 04 August 2012
contract was trading at
Rs 28520 , up Rs. 133 . What's your view on it?
