CPO Futures Down on Weaker Sentiment

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday as market sentiment was dampened by the radical bailout proposal for Cyprus.

A dealer said the exercise has resulted in widespread decline in commodity markets worldwide.

April, May and July fell RM20, RM28 and RM30, respectively, to RM2,386 per tonne while June slipped RM32 to RM2,385 a tonne.

Turnover tumbled to 27,137 lots from 40,301 lots last Friday while open interest was reduced at 185,248 contracts from 199,811 contracts, previously.

Source : Business Times 

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