Malaysian palm oil futures fell on Friday evening in line with competing vegetable oils, marking a fourth consecutive session of losses this week.
Futures were range-bound earlier in the day pending official government data from the Malaysian Palm Oil Board (MPOB), which is scheduled to release March data on Monday.
Palm oil end-stocks in March are seen dipping below the 2-million-tonne mark for the first time in a year, a Reuters survey showed, declining 10.3 percent from a month earlier to 1.95 million tonnes. Output, however, is forecast to come in at the weakest for the month since 2007.
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Futures were range-bound earlier in the day pending official government data from the Malaysian Palm Oil Board (MPOB), which is scheduled to release March data on Monday.
Palm oil end-stocks in March are seen dipping below the 2-million-tonne mark for the first time in a year, a Reuters survey showed, declining 10.3 percent from a month earlier to 1.95 million tonnes. Output, however, is forecast to come in at the weakest for the month since 2007.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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