CPO Futures End Sharply Lower

CRUDE palm oil futures on Bursa Malaysia Derivatives closed sharply lower yesterday tracking losses in the global soya oil market and the

fall in China’s Dalian soya oil, a dealer said.

March 2011 went

down RM159 to RM3,578a tonne, April 2011 fell RM166 to RM3,552, May 2011

shed RM155 to RM3,514 and June 2011 eased RM147 to RM3,478.

Turnover

increased to 31,278 lots from 29,573 lots on Tuesday while open

interest fell to 109,347 contracts from 111,542 previously.

On the physical market, March South fell to RM3,620 from RM3,750 previously.

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