CPO Futures End Easier on Lack of New Leads

CRUDE palm oil futures prices on the Malaysia Derivatives Exchange

closed easier yesterday on lack of fresh leads, dealers said.

One

of the dealers said with a major market like India being quite well

stocked, the global demand was a bit slower during this period.

April

2010 remained flat at RM2,580 a tonne, May 2010 declined RM10 to

RM2,540 .

June 2010 eased RM3 to RM2,528 and July 2010 fell RM7 to RM2,518.

Volume

decreased to 10,596 lots from 11,203 lots yesterday while open interest

declined to 71,576 contracts from 74,101 previously.

On the

physical market, April South fell RM20 to settle at RM2,560 tonne.

Source : Business Times

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