Monday, November 5, 2012

20121105 1127 Palm Oil Related News.

Malaysia palm oil futures down over 3 pct on stocks worries FCPOc3 - RTRS
05-Nov-2012 11:05
SINGAPORE, Nov 5 (Reuters) - Malaysian palm oil futures tumbled more than 3 percent to the lowest in more than three weeks on Monday, as market participants continued to worry over high stocks in the world's No.2 producer.
By 0300 GMT, the benchmark January contract FCPOc3 on the Bursa Malaysia Derivatives Exchange had lost 3.4 percent to trade at 2,410 ringgit ($787) per tonne, a level unseen since Oct. 12.
The market was also under pressure from declines in other vegetable oil markets. By 0300 GMT, U.S. soyoil for December delivery BOZ2 slipped 0.9 percent, while the most active May 2013 soybean oil contract DBYcv1 on the Dalian Commodity Exchange also fell 2.7 percent.

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