CPO Futures’ Downslide Continues

CRUDE palm oil futures prices on Bursa Malaysia Derivatives extended

their downtrend for the second day yesterday, amid the release of better

exports data, dealers said.

June 2011 lost RM44 to RM3,475 a

tonne, July 2011 declined RM31 to RM3,434, while both August 2011 and

September 2011 shed RM15 to RM3,393 and RM3,365 respectively.

Turnover

rose to 24,703 lots from 16,739 lots on Monday while open interest

slipped to 104,852 contracts from 105,790 previously.

On the physical market, June South lost RM20 to RM3,500 from RM3,520 on Monday.

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