CPO Futures End Mixed in Thin Trade

THE crude palm oil futures contract on Bursa Malaysia Derivatives closed mixed in thin trading yesterday, dealers said.

Traders were concerned over the erratic weather in Southeast Asia which could restrain production while the weak export data released by two cargo surveyors also depressed market sentiment.

At close, January 2012 rose RM10 to RM3,220 per tonne, February 2012 shed RM2 to RM3,219 per tonne, March 2012 was unchanged at RM3,215 per tonne and April 2012 slipped RM1 to RM3,209 per tonne.

Volume rose to 16,044 lots from 15,947 on Monday and open interest climbed to 114,346 contracts from 113,780 previously. On the physical market, January South was unchanged at RM3,230 a tonne.

Source: Business Times

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