Wednesday, June 16, 2010

[DJ]DJ MARKET TALK: BMD CPO Futures Rise; Demand Outlook Limits Upside

[Dow Jones] New benchmark BMD September CPO futures trading higher. Crude, soyoil's rise spur buying interest in early trade, Kuala Lumpur-based broker says. But sluggish export demand to cap. "While there's been inquiries (from Middle East buyers), firm bookings have been few...Some are waiting for a further drop in prices before securing bookings for the festive (Ramadan) season," says exporter in Johor who ships palm oil to Middle East. September contract trading MYR9 higher at MYR2,375/ton.

Call us in Kuala Lumpur: +(603) 2026 1233

(END) Dow Jones Newswires

06-15-10 2322ET

Copyright (c) 2010 Dow Jones & Company, Inc.

No comments:

Post a Comment