CPO futures retreat on soft sentiments

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday, as soft global sentiments continued to weigh on the edible oil complex, dealers said.

At the close, October and November declined RM22 each to close at RM2,960 and RM2,927 per tonne respectively, while both December and January 2012 fell RM38 to RM2,910 and RM2,912.

Trading volume rose to 32,097 lots from 23,487 lots on Tuesday while open interest stood at 130,628 contracts from 128,915 contracts.

On the physical market, October South was unchang-ed from Tuesday’s RM2,960 per tonne.

Source: Business Times

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