CPO Futures Prices End Easier

CRUDE palm oil futures prices on Bursa Malaysia Derivatives ended

easier yesterday after a drop in China’s Dalian Commodity Exchange, a

dealer said.

He said the market was also surprised by the

not-so-bullish data released by two cargo surveyors and the Malaysian

Palm Oil Board earlier yesterday.

January 2011 fell RM25 to end

at RM3,775 per tonne, February 2011 eased RM29 to RM3,771, March 2011

declined RM33 to RM3,730 and April 2010 was RM39 lower at RM3,696.

Turnover declined to 22,422 lots from 30,156 lots last Friday, while

open interest dipped to 90,093 contracts from 90,806 contracts

previously.

Source : Business Times

Leave a Reply