CPO Futures End Lower on Lack of Strong Buying

CRUDE palm oil futures on the Malaysia Derivatives Exchange closed at

an almost 11-week low yesterday on lack of strong buying, dealers said.

They said weaker crude oil and soyaoil prices dragged down

buying sentiment in the CPO futures market.

At close, May 2010

and June 2010 fell RM50 each to settle at RM2,490 per tonne and RM2,478

per tonne respectively, while July 2010 and August 2010 contracts both

declined RM48 to RM2,470 per tonne and RM2,464 per tonne respectively.

In the physical market, April South slipped RM60 to RM2,500 per tonne.

Source : Business Times

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