CPO Futures Hit 3-month Low

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a three-month low yesterday as investors remained concerned over the global economic climate, a dealer said.

June 2012 shed RM134 to RM3,102 per tonne, July 2012 decreased RM133 to RM3,093 per tonne and August 2012 declined RM127 to RM3,087 per tonne.

Meanwhile, Bursa Malaysia said volume rose to a historical high of 63,019 lots from 34,697 lots recorded on Tuesday, surpassing the previous record of 48,741 contracts recorded on Nov 17, 2011.
 
Open interest rose to 117,654 contracts from 121,971 contracts transacted before.

Source : Business Times

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