CPO Futures End Lower on Speculative Play

CRUDE

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

lower yesterday on correction after gaining continuosly over the past

week, dealers said.

They said the CPO price is still on the high side and currently, traders are just into speculative play and paper trading.

At

close, the October 2010 contract declined RM57 to RM2689 per tonne,

November 2010 decreased RM77 to RM2652 per tonne, December 2010 was down

RM67 to RM2666 per tonne while January 2010 fell RM66 to RM2675 per

tonne.

On the physical market, October South declined RM50 to RM2,700 per tonne. – Bernama

Source : Business Times

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