KUALA LUMPUR: Crude palm oil futures closed slightly lower yesterday despite positive talk on its outlook at the Bursa Malaysia Palm Oil Conference recently.
A dealer said bullish views at the conference failed to lift market sentiment.
Another dealer said the fall in contract prices could be due to the uncertain global economic outlook and China’s slowing economy.
March 2012 and April 2012 fell RM3 each to RM3,217 and RM3,237 per tonne respectively, May 2012 decreased RM2 to RM3,244 per tonne while June 2012 increased RM3 to RM3,242 per tonne.
Source: Business Times