Monday, July 5, 2010

DJ MARKET TALK: BMD CPO Futures At 8-Month Low; May Fall More

[Dow Jones] BMD CPO futures fall as much as 0.5% to 8-month intraday low, amid concerns China's economy may be losing steam, damping sentiment. Ringgit advanced to MYR3.2170, making palm oil more expensive for palm refiners, pressuring prices, says Malaysia-based exporter; adds prices may fall further on bearish sentiment, supply fundamentals. Benchmark September contract trading 0.5% lower midday at MYR2,324/ton. (

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