CPO Futures Easier In Line with Soyaoil Prices

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed

lower as investors remained concerned with the debt crisis in Europe,

dealers said.

They said the easier prices were also in line with

the downtrend in soyaoil prices.

The June 2010 contract declined

RM12 to settle at RM2,524 a tonne, July 2010 fell RM24 to RM2,454 a

tonne, August 2010 eased RM14 to RM2,418 a tonne and September 2010

depreciated RM12 to RM2,395 a tonne.

Volume increased to 25,459 lots from 14,202 lots yesterday while open

interest also increased to 73,231 contracts from 71,105 contracts

previously.

Source : Business Times

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