KUALA LUMPUR, Sept 7: Malaysian crude palm oil futures closed mixed on Thursday as the market awaited next week's export and stocks data.
The state-run Malaysian Palm Oil Board will release August stocks and production numbers on Monday. Cargo surveyors will also issue Sept. 1 to 10 export figures next week.
The market will remain like this until next week, when the data come out, said one dealer. Until then it will trade in a narrow range.
The benchmark third-month November crude palm oil contract on the Bursa Malaysia Derivatives market ended up eight ringgit at 1,570 ringgit ($430) a ton after trading in a range of 1,555 to 1,575 ringgit.
Other traded months were either marginally up or down. Volumes stood at 6,956 lots of 25 tons each, down from around 10,000 to 12,000 lots traded on a normal day.
Palm oil stocks in Malaysia fell 1.9 per cent by the end of August from a month earlier because of robust exports, but overseas sales could slow in September, a Reuters poll showed on Thursday.
Palm oil output in Malaysia, the world's largest producer, is estimated to have risen 9.1 per cent to 1.5 million tons in August, according to the median estimate of five plantation houses polled by Reuters.
