CPO futures bearish amid lack of demand

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended lower yesterday on bearish note amid a lack of demand, dealers said.

April 2011 dropped RM28 to RM3,400 a tonne, May 2011 went down RM17 to RM3,368 while June 2011 and July 2011 declined RM32 each to RM3,347 and RM3,332 respectively.

Turnover decreased to 37,952 lots from 41,357 lots on Tuesday while open interest slipped to 95,965 contracts from 98,416 contracts previously.

On the physical market, March South slipped RM10 to RM3,420 from RM3,430 on Tuesday. 

Source: Business Times

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