CPO Futures Lower In Line with US, China Soyoil

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives extended

its losses to three consecutive days yesterday, in line with the

downtrend on the US and China soyaoil markets, said dealers.

They

said the lower performance of the CPO futures was despite, crude oil

prices firming above US$83 a barrel yesterday.

May 2010 fell

RM15 to RM2,551 a tonne, June 2010 shed RM14 to RM2,545, July 2010

declined RM16 to RM2,531 and August 2010 shed RM16 to RM2,525.

Volume however, rose to 13,894 lots from 12,204 lots yesterday and open

interests climbed to 63,961 contracts from 63,531 previously.On the

physical market, May South dropped to RM2,560 a tonne from RM2,575

previously.

Source : Business Times

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