CPO Futures Down on Lack of Fresh Leads

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

broadly lower yesterday in line with its rival soyaoil as the market

still lacks fresh positive leads, a dealer said.

“Traders are

looking forward for firm fresh leads and data,” he said, adding that

trading is expected to remain rangebound RM2,540-RM2,650 this week.

May

2010, June 2010 and July 2010 fell RM39 each to RM2,550, RM2,524 and

RM2,515, respectively, while August dropped RM36 to RM2,509 per tonne.

Volume slid to 9,276 lots from 10,336 lots on Monday and open interest

slipped to 63,454 contracts from 63,654 contracts previously.

Source : Business Times

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