CPO Futures End Lower on Weak Sentiment

THE crude palm oil futures contract market ended lower on Bursa

Malaysia Derivatives yesterday despite encouraging export data released

by the Malaysian Palm Oil Board.

Dealers said continuing concerns

over the eurozone debt crisis weighed heavily on market sentiment as

Malaysia’s palm oil trade depended on crude oil and the global market

scenario.

Malaysia palm oil board reported that palm oil exports

increased 5.96 per cent to 1.362 million tonnes in May while palm kernel

oil exports rose 28.11 per cent to 112,472 tonnes.


June declined RM12 to RM2,524 a tonne, July fell RM24 to RM2,454 a

tonne, August eased RM14 to RM2,418 a tonne and September 2010 dipped

RM12 to RM2,395 a tonne.

Source : Business Times

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