Malaysia palm oil prices fall

Introduction: [Malaysian palm oil prices fall] traders said Malaysian palm oil futures fell Tuesday due to a lack of new market momentum A trader in Kuala Lumpur said: "big speculators have left the market because there is no trade attraction." "There will be a rebound tomorrow, but we need to pay close attention to the political situation in Indonesia," he added Indonesia is in a period of high tension ahead of Wednesday's decision to hold discussions in parliament with future president Abdurrahman Wahid Malaysian traders say Indonesia's palm oil exports could be disrupted if the disruption affects islands such as Sumatra, the country's main palm oil producing region The three-month benchmark August futures contract closed down 2 ringgit to 765 ringgit ($201.32) / ton Volume was 411, down from 601 on Monday In terms of natural market: in June, the offer price of palm oil in the South and middle of China was 750 ringgit / ton, the offer price was 745 ringgit / ton, and the transaction price was 745 ringgit / ton In July, the offer price of Southern crude palm oil was rm765 / T, and the offer price was rm760 / T no transaction was reported In July, the offer price of palm oil in Central China was 765 ringgit / ton, and the offer price was 755 ringgit / ton No transaction was reported Among refined products, the offer price of RBD palm oil in June is 215 US dollars / ton, and the offer price of RBD palm oil in July is 217.50 US dollars / ton The FOB offer price of RBD brown liquid oil in June was 230 US dollars / ton, and that in July was 232.5 US dollars / ton In June, RBD palm stearin was quoted at US $167.50/ton (1 USD = 3.8 ringgit) China feed industry information network 5SJ