DJ Asian Crude Palm Oil Ends Down; Supply Fundamentals, Crude Weigh

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended lower Friday on profit booking as higher output toward the end of the year may boost supplies, trade participants said.

The benchmark September contract on the Bursa Malaysia Derivatives exchange ended MYR6 lower at MYR2,384 a metric ton after moving in a MYR2,380-MYR2,389 range.

Traders and analysts said the seasonal rise in oil palm production from June-July onwards in Malaysia and Indonesia will boost stock levels, making prices vulnerable to further declines, but "the extent of the fall in prices will hinge on production growth," said a senior analyst from a Singapore-based brokerage.

Data for June 1-25 palm oil exports were up on month but were within or near market expectations, prompting investors to book profits as the market had priced in such data in recent trading sessions when prices rallied.

Cargo surveyor SGS (Malaysia) Bhd. estimated that exports during June 1-25 rose 6.1% to 1.11 million tons. Another surveyor, Intertek Agri Services, pegged exports at 1.12 million tons, up 8.9% on month.

A pullback in crude oil trade in Asia pulled CPO prices lower. August crude on the New York Mercantile Exchange fell to as low as $75.90 a barrel. The contract was trading 43 cents lower at $76.08/bbl at 1017 GMT.

Malaysia's June 1-25 palm oil exports will likely be up around 7%-12% from the first 25 days of May to around 1.12 million to 1.15 million tons, traders said.

"June exports could end a tad higher on month, as demand is seen rising gradually," a Malaysia-based exporter said.

Profit booking was also prompted by a lack of trades in the physical market.

"The cash market has been sluggish today as most buyers are on the sidelines, expecting a further fall in prices," said a Singapore-based trader.

Cash palm olein for August was traded at $782.50/ton and September at $772.50/ton free on board Malaysian ports.

CME Group Inc.'s dollar-based CPO futures contract for September was offered $3 lower at $736.50/ton as of 0931 GMT.

Rupiah-denominated September CPO futures on the Indonesia Commodity and Derivative Exchange ended 0.6% higher at IDR6,315 a kilogram, with 158 lots traded. One lot is equivalent to 10 tons. The October contract was trading 0.8% higher at IDR6,280/kg with 97 lots done.

Open interest on the BMD was 76,131 lots versus 75,560 lots Thursday. One lot is equivalent to 25 tons.

A total of 9,069 lots of CPO were traded versus 12,431 lots Thursday.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change   High    Low 
Jul'10  2,451     2,457  Down 06  2,456   2,450 
Aug'10  2,409     2,413  Down 04  2,414   2,407 
Sep'10  2,384     2,390  Down 06  2,389   2,380 
Oct'10  2,373     2,380  Down 07  2,377   2,370 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

DJ Malaysia June 1-25 Palm Oil Exports 1.11 Mln Tons -SGS

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports rose 6.1% on month to 1.11 million metric tons during the June 1-25 period, cargo surveyor SGS (Malaysia) Bhd. said Friday.

SGS estimated exports at 1.05 million tons for the first 25 days of May.

The estimate is slightly lower than market expectations of a rise in shipments to 1.12 million-1.15 million tons.

Earlier in the day, another surveyor, Intertek Agri Services, put June 1-25 exports at 1.12 million tons.

The following are the major items in the SGS estimate: 
 
  (All figures in tons) 
 
 
Product              June 1-25        May 1-25 
RBD Palm Olein         528,061         507,596 
RBD Palm Oil           100,654         129,040 
RBD Palm Stearin       104,424          79,921 
Crude Palm Oil         207,446         134,500 
Total*               1,113,923       1,049,692 
 
Major importers of Malaysian palm oil: 
 
European Union         190,685         170,310 
China                  322,860         281,982 
U.S.                    79,231         143,148 
India                  103,455          46,150 
Pakistan                99,420          79,700 
 
*Palm oil product volumes don't add up to total as some products aren't
included. 
 
 
  SGS Malaysia is a division of the Switzerland-based Societe Generale de
Surveillance Group. 
 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

Friday Trading Tip

Hi traders,

Today trading tip as below:

If market open >2390 and close >2393, it is expected the market will bullish today onwards, then continue to upside biased.

If market open <2380 and close <2375, it is expected the market will bearish onward, then continue to downside biased

Just my 2cents......

DJ Asian Crude Palm Oil Ends Up On Short Covering; Exports Rise

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended up slightly Thursday as short covering and expectations of higher exports offset bearish cues from crude oil and sluggish cash market trade, pushing prices to close near intraday highs.

The benchmark September contract on the Bursa Malaysia Derivatives exchange ended MYR6 higher at MYR2,390 a metric ton, after moving in a range of MYR2,379-MYR2,393/ton.

Malaysia's June 1-25 palm oil exports will likely to be up around 7%-12% from the first 25 days of May to around 1.12 million-1.15 million tons, traders say.

"June exports could end a tad higher on month, as demand is seen rising gradually," a Malaysia-based exporter said.

Cargo surveyors Intertek Agri Services estimated exports at 1.03 million tons during the May 1-25 period, while SGS (Malaysia) Bhd. put the figure at 1.05 million tons for the same period last month. Both surveyors are likely to issue June 1-25 estimates on Friday.

Despite the hopes for rising exports, many trade participants expect rising palm inventory levels in Southeast Asia and the narrow price gap between palm and soyoil will cap any gains.

"I expect the gap in palm and soyoil prices to remain pretty tight," said John Baker, Rabobank International's regional head in Asia for Food and Agribusiness Research and Advisory. "A moderate and steady decline in prices is likely as palm output usually rises towards the end of the year."

The decline in the differential between soyoil and palm oil prices to around $20/ton from $100/ton late last year will push price-sensitive buyers to buy more soyoil, traders said.

In the cash market, palm olein for at $797.50/ton for July shipment, $782.50/ton for August and 772.50/ton for September, free-on-board Malaysian ports, a Singapore-based broker said.

No trades of CME Group Inc.'s dollar-based CPO futures contract were reported as of 1020 GMT.

Rupiah-denominated August CPO futures on the Indonesia Commodity and Derivative Exchange ended 0.4% lower at IDR6,395 a kilogram, with three lots traded. One lot is equivalent to 10 tons. The September contract was trading marginally lower at IDR6,280/kg with 232 lots done.

Open interest on the BMD was at 75,560 lots, versus 76,705 lots Wednesday. One lot is equivalent to 25 tons.

A total of 12,431 lots of CPO were traded Thursday versus 13,938 lots.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change   High    Low 
Jul'10  2,457     2,452  Up  05  2,458  2,449 
Aug'10  2,413     2,409  Up  04  2,418  2,406 
Sep'10  2,390     2,384  Up  06  2,393  2,379 
Oct'10  2,380     2,375  Up  05  2,380  2,368 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

DJ Malaysia June 1-25 Palm Oil Exports Likely 1.15 Mln Tons -Traders

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the June 1-25 period will likely be up 10%-12% on month, totaling around 1.15 million metric tons, trading executives said Thursday.

Cargo surveyor Intertek Agri Services estimated May 1-25 exports at 1.03 million tons, while another surveyor, SGS (Malaysia) Bhd., put the figure at 1.05 million tons.

Both surveyors will issue June 1-25 palm oil export data Friday.


-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com

DJ MARKET TALK: BMD CPO Futures To Open Down MYR5-MYR15

[Dow Jones] BMD CPO futures may open MYR5-MYR15 lower; spillover selling pressure from overnight losses in crude, soyoil, say traders. "Prices may trade lower on profit-booking initially but are likely to be rangebound ahead of June 1-25 export data due Friday," says Kuala Lumpur-based trading executive.
Benchmark September contract finished MYR7 higher at MYR2,384/ton Wednesday.
(shie-lynn.lim@dowjones.com)


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

Trading Highlight: Nymex Crude Oil jump to 75 overnight

Hi traders,

Overnight C.O had jumped to 75 low level today. It might pressure BMD CPO today on opening. To those had takes long position, pls monitor your position and plan your stoploss.

Thanks....

Happy trading

Thursday Trading Tip

Morning Star CS was formed at FCPO daily chart. It meant indecision buyer & seller which is nobody win the battle. It is expected tomorrow the price will uptrend if meet the ideal condition.

If tomorrow open > 2387 and close >2400, the price may go up onwards.
If tomorrow open < 2380 and close <2370, the price may go down onwords

That's all....

Just my 2cents

DJ Asian Crude Palm Oil Ends Up On Bargain Buying, Soyoil

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended higher Wednesday on bargain buying and higher soyoil futures, trade participants said.

The benchmark September contract on the Bursa Malaysia Derivatives MYR7 higher at MYR2,384 a metric ton.

CPO prices fell as much as 0.3% to MYR2,371/ton, its lowest level in a month, but the weak selling pressure prompted some investors to cover their short positions, enabling prices to move into positive territory in the afternoon, traders said.

"Prices hadn't declined to MYR2,360 level since last year and the bears were keen to see if that support is easily broken," a Malaysia-based exporter said. "As prices weren't able to breach MYR2,360/ton, prices should move upwards to MYR2,395/ton-MYR2,410/ton based on technical indicators."

July soyoil on the Chicago Board of Trade was trading 5 points higher at 37.98 cents a pound around the close on the BMD.

The weaker ringgit also spurred mild buying interest in CPO by palm refiners. The commodity is priced in ringgit, so when the currency weakens, profit margins improve. The dollar rose to MYR3.2300 from MYR3.2170 Tuesday.

Meanwhile, CPO's 11% decline since the beginning of the year may steer bargain-hunters to the cash market and support positive movement on the BMD, a Singapore-based broker said.

In July, India may buy 400,000 tons of CPO, accounting for 62% of its edible oil imports next month, an industry executive said.

"International prices are much lower, while a lack of oilmeal demand is impacting domestic crushing," said Srinivaas Sirigeri, managing director of Shakti Enterprises, a Mumbai-based edible oil importer.

India is the world's second-largest edible oil buyer after China. It imports palm oil from Malaysia and Indonesia, and soyoil from Argentina and Brazil.

In the cash market, palm olein was traded at $792.50/ton and then $795/ton for July, $780/ton for October and $762.50/ton for October/November/December shipment, free-on-board Malaysian ports, another Singapore-based broker said.

CME Group Inc.'s dollar-based CPO futures contract for September was $7.75 lower at $736.50/ton around 1030 GMT, with one lot traded. One lot is equivalent to 25 tons.

Rupiah-denominated August CPO futures on the Indonesia Commodity and Derivative Exchange ended 0.3% lower at IDR6,420 a kilogram, with four lots traded. One lot is equivalent to 10 tons. The September contract was trading 0.2% higher at IDR6,285/kg, with 257 lots done.

Open interest on the BMD was 76,705 lots, versus 78,095 lots Tuesday. One lot is equivalent to 25 tons.

A total of 13,938 lots of CPO were traded versus 12,268 lots Tuesday.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change   High    Low 
Jul'10  2,452     2,450  Up  02  2,459  2,441 
Aug'10  2,409     2,404  Up  05  2,419  2,397 
Sep'10  2,384     2,377  Up  07  2,393  2,371 
Oct'10  2,375     2,365  Up  10  2,380  2,359 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 
 
       (Debiprasad Nayak in Mumbai contributed to this article) 
 

DJ INTERVIEW:Asian CPO Output To Rise In 2H, Bearish For Prices-Analyst

By Shie-Lynn Lim
Of DOW JONES NEWSWIRES

KUALA LUMPUR (Dow Jones)--Crude palm oil production in Indonesia and Malaysia may rise further in the second half of the year, pushing inventory to a level where it could start weighing on prices, a Netherlands-based analyst at Rabobank International said in an interview.

"Prices are definitely vulnerable to further declines given high volatility in the market now. The global economic (outlook is still) uncertain. On the production front, yields will increase in the second half of the year... depressing prices," said Chan Wei Siang, analyst at Rabobank International's Food & Agribusiness Research and Advisory.

Malaysia and Indonesia together account for 80% of the palm oil produced globally.

CPO prices are now around 13% off this year's highest level at MYR2,722 a metric ton, reached in early March. The benchmark September contract on Malaysia's derivatives exchange ended MYR28 or 1.2% lower at MYR2,377/ton Tuesday.

Southeast Asia's total palm oil stocks are likely to be around 3.6 million tons now as output in June would have risen significantly, traders in Malaysia and Indonesia estimated. Unofficial projections put current Indonesian stocks around 2 million tons. Malaysia's official June estimates will be released in the second week of July.

According to market participants, output in Malaysia would have risen some 15% in June while in Indonesia the gain was as much as 20% on month.

But it may not all be bad news for producers. "Though output will increase in the second half, (overall) growth in CPO output will likely be muted in 2010 due to the residual effect of El-Nino," Chan said.

Even though the El-Nino has officially ended, its impact can last six to ten months as oil palm trees continue to remain under stress caused by dry weather during the El-Nino months.

Total CPO production in 2010 may rise by only 3% or 500,000 tons to 18.1 million tons in Malaysia, while Indonesia's output could rise by 7% or 1.5 million tons to 22.4 million tons, he said.

Narrowing Discount To Soyoil Prices A Drag On Palm Oil

The record high South American soybean harvest this year has already reduced soyoil prices, narrowing the price gap with the lower-priced palm oil. In some cases, palm oil is even trading at a slight premium to soyoil.

"The narrow price differential has made soyoil very competitive (in international markets) with more buyers making the switch from palm," Chan said.

Palm oil traditionally trades at a discount of more than $100/ton to soyoil, but that has narrowed to the point where palm olein now trades in a range that is just $20 above or below soyoil.

"India, being a very price sensitive market, saw an 18% drop in palm oil imports over the first five months, while soyoil imports rose 59% as processors substitute more palm oil with soyoil," he said.

China, another major vegetable oils buyer, also would have bought more soyoil, had it not been for the ongoing dispute with Argentina, he said.

"If soybean oil prices remain around current levels (37-38 cents/pound), we would likely see an increase in crushing which will place further pressure on palm oil exports," Chan said.


By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com

Today Trading Tip

Hi Traders,

I would like to share my trading tips as below:

The price will go down today onwards if CPO open < 2380 and close <2375
The price will go up today onwards if CPO open > 2387 and close >2400

Just my 2 cents.....

Happy trading

DJ Asian Crude Palm Oil Ends 1.2% Lower On Profit-Taking

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange ended lower Tuesday as investors took profits after recent gains.

The benchmark September contract on the Bursa Malaysia Derivatives exchange ended MYR28 or 1.2% lower at MYR2,377 a metric ton after falling close to a week's low at MYR2,375/ton.

The downward correction was necessary to get prices back in line with fundamentals, traders said.

"Some investors have set up short positions on expectations prices are likely to fall further due to growing palm stocks in Indonesia and Malaysia," a Singapore-based trading executive said.

Southeast Asia's palm oil stocks likely total around the high level of 3.6 million tons, traders in Malaysia and Indonesia said, estimating that Malaysia and Indonesia's output in June could rise by 15% and 20% on month,
respectively, contributing to the downward pressure on prices.

"Prices are definitely vulnerable to further declines given high volatility in the market now," said Chan Wei Siang, an analyst at Rabobank International's Food & Agribusiness Research and Advisory. "Global economic growth prospects are uncertain. On the production front, yields will also increase seasonally
going into the second half of the year...depressing prices."

Bearish fundamentals will likely limit any price gains for the rest of the week, traders said.

Soyoil and crude oil futures trading in the red during Asian trading hours also weighed on CPO prices.

At 1029 GMT, July crude oil on the New York Mercantile Exchange was trading $1.05 lower at $76.77 a barrel on Globex. July soyoil at the Chicago Board of Trade was trading 8 points lower at 37.97 cents a pound in electronic trade.

In the cash market, palm olein for August/September delivery was traded at $775/ton and $782.50/ton, October/November/December at $765/ton and $767.50/ton, free-on-board Malaysian ports, a Singapore-based broker said.

CME Group Inc.'s dollar-based CPO futures contract for September was $9.25 lower at $743.50/ton around 0947 GMT, with one lot traded. One lot is equivalent to 25 tons.

Rupiah-denominated August CPO futures on the Indonesia Commodity and Derivative Exchange ended 1.2% lower at IDR6,440 a kilogram, with three lots traded. One lot is equivalent to 10 tons. The September contract was trading 0.2% lower at IDR6,275/kg, with 223 lots done.

Open interest on the BMD was 78,095 lots, versus 77,443 lots Monday. One lot is equivalent to 25 tons.

A total of 12,268 lots of CPO were traded versus 12,738 lots Monday.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change   High    Low 
Jul'10  2,450     2,476  Down 26  2,467   2,445 
Aug'10  2,404     2,430  Down 26  2,427   2,401 
Sep'10  2,377     2,405  Down 28  2,403   2,375 
Oct'10  2,365     2,393  Down 28  2,385   2,365 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

DJ MARKET TALK: BMD CPO Futures Down Midday; May Fall Further

[Dow Jones] BMD CPO futures down at midday, vulnerable to further losses in afternoon session due to rising output in Malaysia, Indonesia, traders say. "Higher output in both countries indicate stocks are probably around 2 million tons in Indonesia and 1.64 million tons in Malaysia," says Singapore-based trading executive; notes export demand growth hasn't been sufficient to reduce stock levels. Benchmark September contract trading MYR14 lower at MYR2,391/ton, close to intraday low MYR2,390/ton. (shie-lynn.lim@dowjones.com)

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

English Version: Millionaire Secret of FCPO

Hi traders,

I got many inquiry from international visitor regarding FCPO trading ebook. As to not disappointing them, in a few month the ebook will reveal for international traders.

Coming Soon.................

English Version of FCPO Millionaire Secret. If you interested please email me at jutawansawit@gmail.com

DJ MARKET TALK: BMD CPO Futures May Open MYR5-MYR10 Lower

[Dow Jones] BMD CPO futures expected to open MYR5-MYR10 lower; profit-booking likely as ringgit trading higher, says Singapore-based trading executive. Selling pressure in regional equities, commodity markets including crude oil to weigh. Kuala Lumpur-based analyst tips trade in MYR2,395-MYR2,410/ton range
today. Benchmark September contract finished MYR5 higher at MYR2,405/ton
Monday. (shie-lynn.lim@dowjones.com)


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

DJ Asian CPO Ends Off Highs; Ringgit Weighs, Limited Yuan Impact

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange posted slight gains Monday, buoyed by gains in crude oil futures and strong export data.

A stronger local currency subdued sentiment, while palm olein's slight price premium over soyoil indicates it won't benefit from China's shift in exchange-rate policy as importers will prefer the cheaper rival.

Although China's announcement that it will allow a more flexible yuan is expected to raise purchasing power and boost commodity imports, trade participants said CPO has limited room to gain as there's lingering concern over vegetable oil stock levels of around 700,000 metric tons at Chinese ports.

The benchmark September contract on the Bursa Malaysia Derivatives ended MYR5 higher at MYR2,405 a metric ton. The ringgit rose to a five-week high of MYR3.1850 versus Friday's MYR3.2450.

Traders expect a likely appreciation of the yuan to boost China's edible-oil imports, but they weren't upbeat that CPO would benefit due to palm olein's premium over soyoil.

"We'll only have a better idea on China's palm imports after stocks are cleared to gauge the country's demand," said a senior trading executive at a Malaysia-based palm refining company.

"With palm olein now offered with a $20/ton premium to Argentinian soyoil, Chinese buyers are more likely to increase soyoil purchases," a Singapore-based trading executive said.

CPO and palm products traditionally trade at a wide discount of more than $100/ton to soyoil, but forecasts for a muted rise in CPO production in Malaysia and Indonesia have spurred a rally in palm oil in recent months, narrowing the gap to the point where palm olein now trades in a range $20 above and below soyoil.

Despite CPO's tepid reaction to the yuan news in morning trade, prices rose 0.9% to an intraday high of MYR2,421/ton in the afternoon, buoyed by the encouraging export data and crude oil's rise in Asian trade.

Cargo surveyor Intertek Agri Services put exports in the June 1-20 period up 17% from a month earlier at 906,321 tons, while another surveyor, SGS (Malaysia) Bhd., pegged the figure at 914,849 tons, up 16%.

Intertek estimated May 1-20 palm oil exports at 775,995 tons while SGS put the figure at 791,971 tons.

Light, sweet crude oil for July delivery on the New York Mercantile Exchange rose as much as 2.2% to $78.87 a barrel in Asia. July crude was trading $1.34 higher at $78.52/bbl at 1014 GMT.

In the cash market, palm olein for August delivery was traded at $790/ton, and October/November/December olein at $770/ton, free on board Malaysian ports, cash market trading executives in Singapore said.

Cash CPO was offered unchanged at MYR2,510/ton.

CME Group Inc.'s dollar-based CPO futures contract for September was $17.25 higher at $754.50/ton around 0947 GMT, with three lots traded. One lot is equivalent to 25 tons.

Rupiah-denominated August CPO futures on the Indonesia Commodity and Derivative Exchange ended 0.8% lower at IDR6,530 a kilogram, with one lot traded. One lot is equivalent to 10 tons.

The September contract was trading 0.8% higher at IDR6,285/kg, with 275 lots done.

Open interest on the BMD was 77,443 lots, compared with 78,027 lots Friday. One lot is equivalent to 25 tons.

A total of 12,738 lots of CPO were traded versus 11,864 lots Friday.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change    High    Low 
Jul'10  2,476     2,470  Up  06    2,487   2,466 
Aug'10  2,430     2,430  Unchanged 2,447   2,426 
Sep'10  2,405     2,400  Up  05    2,421   2,399 
Oct'10  2,393     2,386  Up  07    2,409   2,390 
 
 
  By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

DJ Malaysia June 1-20 Palm Oil Exports 914,849 Tons, +16% -SGS

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the June 1-20 period rose 16% compared with the same period last month to 914,849 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

It estimated exports at 791,971 tons for the same period in April.

Intertek Agri Services, another surveyor, estimated June 1-20 exports at 906,321 tons earlier Monday.

The following are the major items in the SGS estimate: 
 
  (All figures in metric tons) 
 
 
                        June 1-20        May 1-20 
   RBD Palm Olein         448,157         404,974 
   RBD Palm Oil            81,824         101,997 
   RBD Palm Stearin        84,994          70,601 
   Crude Palm Oil         167,846          70,850 
   Total*                 914,849         791,971 
 
   Major importers of Malaysian palm oil: 
 
   European Union         158,620         112,994 
   China                  310,740         248,282 
   U.S.                    46,572         102,375 
   India                   63,655          22,000 
   Pakistan                69,420          63,700 
 
*Palm oil product volumes don't add up to total as some products aren't
included. 
 
 
  SGS Malaysia is a division of the Switzerland-based Societe Generale de
Surveillance Group. 
 
 
 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;
shie-lynn.lim@dowjones.com 

DJ Malaysia June 1-20 Palm Oil Exports 906,321 Tons -Intertek

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the June 1-20 period rose 17% from the same period last month, to 906,321 metric tons, cargo surveyor Intertek Agri Services said Monday.
China was the biggest buyer of Malaysia's palm oil products, followed by the European Union and the Indian subcontinent, with purchases amounting to 344,600 tons, 154,276 tons and 116,472 tons, respectively.
Intertek estimated May 1-20 exports at 775,995 tons. Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate for June 1-20 later in the day.


By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;

shie-lynn.lim@dowjones.com

Next Week CPO Trend: Bullish or Bearish

Hi traders,

I have discovered reversal Doji candlestick for daily chart. It is possible the price will be downtrend next week. But wait until a bearish candlestick to close below than 2387. If then, the trend will further go down.

Just my 2 cents....