Palm | Kelapa Sawit

Palm oil futures ended almost flat after a mix range trading. Benchmark Dec09 had been hovering between 2127-2093 through out the day until it finally settled RM2 higher at 2105. Market was in consolidating mood after series of bearish news released in previous days. External markets were rather mix as Asian time NYMEX crude oil inched lower while eCBOT soy oil and Dalian palm traded mix to unchanged. Market talk that end Sep export figure which will be release tomorrow maybe at around 1.2m tonnes, compare with 1.33m tonnes reported by ITS in last month same period. Daily volume declined slightly with a total of 16,248 contracts changed hands.