MARKET TALK: BMD CPO Down On Likely Lower July Chinese Demand [Dow Jones] BMD CPO futures down on concerns palm oil exports to China in July may fall. "Exports to China may be half of what was exported in June," says Kuala Lumpur-based trader; adds subdued cash market weighing on prices. Cargo surveyor Intertek estimated palm oil shipments to China at 230,202 tons for June 1-20 period, up 29.27% on month. Trader in Singapore pegs short-term support at MYR2,230, next support at MYR2,218. Benchmark BMD September CPO futures trading MYR21 lower at MYR2,265/ton. (LSL)
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