CPO Futures End Lower on Profit-Taking

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

lower yesterday on profit taking as well as a weaker rival soyabean

futures market, dealers said.

“There was not much news in the

market today. Overall sentiment was weak and prices fell as players

took cue from the decline in other commodities like crude oil and

soyabean futures,” one dealer said.

Crude oil price went

below US$76 per barrel yesterday. At close, May 2010 and June 2010

contracts were down RM32 each to RM2,543 per tonne and RM2,518 per

tonne, respectively.

July 2010 went down RM24 to RM2,505 per tonne and August 2010 slipped

RM30 to RM2,493 per tonne.

Source : Business Times

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