CPO Futures Lower on Lack of New Leads

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower

yesterday on a lack of fresh leads, dealers said. A dealer said

investors stayed on the sidelines awaiting the release of production

data later this week.

At close, June 2010 fell RM5 to settle at

RM2,536 a tonne, July 2010 fell RM18 to RM2,478, August 2010 eased RM17

to RM2,432 and September 2010 fell RM12 to RM2,407.

Volume

declined to 14,202 lots from 14,255 lots on Monday while open interests

rose to 71,105 contracts from 69,345 previously. On the physical market,

June South was unchanged at RM2,550.

Source : Business Times

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