CPO futures ease as investors cut positions

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday as concerns over the global debt crisis prompted investors to reduce positions, dealers said.

August 2011 and September 2011 fell RM11 each to RM3,119 and RM3,122 a tonne respectively while October 2011 fell RM14 to RM3,116 and November 2011 slid RM15 to RM3,117.

Turnover slipped to 17,833 lots from 18,512 lots on Wednesday while open interest narrowed to 131,812 contracts from 132,527 previously.

On the physical market, August South was RM10 lower at RM3,150 a tonne.

Source:  Business Times

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