CPO Futures Down on Sell-Offs

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower

yesterday as the commodity suffered another global sell-off in less than

a week, dealers said.

May 2011 lost RM37 to RM3,400 a tonne,

June 2011 declined RM60 to RM3,310 while July 2011 and August 2011 both

decreased RM43 each to RM3,226 and RM3,205, resprectively.

Turnover,

however, rose to 25,252 lots, from 22,071 lots on Wednesday, while open

interest climbed to 112,976 contracts, from 112,353, previously.

Meanwhile, May South lost RM30 to RM3,350 .

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