CPO Futures Continue Down Trend

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives

ended lower for the fourth consecutive day yesterday tracking a

weakening global trend, dealers said.

At the close, April 2011

fell RM24 to RM3,323 per tonne, May 2011 and June 2011 fell RM36 each

to RM3,292 and RM3,270 respectively, while July 2011 went down to RM38

to close at RM3,255 per tonne.

Turnover rose to 45,341 lots

from 26,032 lots on Wednesday while open interest decreased to 92,967

contracts from 93,157 contracts previously.

On the physical market, April South fell by RM30 to RM3,350 per tonne. – Bernama

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