CPO Futures Down on Weaker Export Data

CRUDE palm oil futures on Bursa Malaysia Derivatives ended lower in

reaction to weaker export data reported by two cargo surveyors, dealers

said.

Societe Generale de Surveillance said Malaysia’s palm oil

exports in February declined 9.1 per cent to 1,092,620 tonnes from

1,202,368 tonnes shipped last month.

March 2011 fell RM15 to

RM3,550 a tonne, April 2011 dropped RM23 to RM3,509, May 2011 lost RM43

to RM3,472 and June 2011 eased RM36 to RM3,459.

Turnover fell to 26,407 lots from 29,810 lots last Friday while open

interest declined to 106,228 contracts from 107,659 contracts

previously.

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