CPO Futures End Lower But Losses Capped

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended

easier following bearish external factors, a dealer said.

However,

anticipation of lower output capped further losses, he said.

May

2010 and June contract edged down RM2 each to RM2,558 and RM2,534,

respectively, while July 2010 shed RM4 to RM2,519 and August slipped

RM11 to RM2,514.

Volume dwindled to 15,151 lots versus 17,263 lots on Thursday and open

interest narrowed to 65,625 contracts from 65,689 contracts yesterday.

On

the physical market, May South added RM10 to RM2,570 a tonne.

Source : Business Times

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