CPO Futures Down on Bearish Export Data

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended losses at close yesterday following bearish export numbers, dealers said.

October 2011 slipped RM70 to close at RM2,935 a tonne, November 2011 dropped RM81 to RM2,908, December 2011 fell RM87 to RM2,905 and January 2012 plunged RM84 to RM2,911.

Volume rose to 42,975 lots from 23,550 lots on Friday while open interest stood at 135,222 contracts from 135,326 contracts previously.

On the physical market, October South fell to RM2,950 a tonne from RM3,010 on Friday. – Bernama

Source: Business Times

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