Palm | Kelapa Sawit

External factors continue to influence BMD FCPO to set fresh year low. Overnight soyoil prices in CBOT settled with 250 points limit down, soyabean also closed 70 cents limit down and NYMEX crude oil trade below USD120 a barrel in the afternoon saw selling interest slammed benchmark Oct08 price to hit 2700 before it rebounded to settle RM140 lower at 2750. News that Malaysia Commodities Minister's plan to use 500,000 tonnes of crude palm oil to produce biodiesel in next two-three months was ignored by market players.