CPO Futures Down for Third Straight Day

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended their downtrend for the third straight day yesterday following a

decline in China’s Dalian Commodity Exchange.

January and

February decreased RM46 to end at RM3,683 and RM3,679 respectively,

while March 2011 declined RM53 to RM3,650. April 2011 was RM61 lower at

RM3,613.

Tturnover, however, rose to 25,042 lots from 24,867

lots on Tuesday, while open interest fell to 88,705 contracts from

90,025 contracts previously.

On the physical market, January South went down to RM3,670 a tonne from RM3,740.

Source : Business Times

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