CPO Futures Slip on Weak External Factors

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

lower yesterday as weak external factors continued to affect CPO

purchase, a dealer said.

August 2011 slipped RM8 to RM3,120 a

tonne, September 2011 fell RM43 to RM3,036, October 2011 lost RM57 to

RM2,994 while November 2011 shed RM64 to RM2,980 a tonne.

Turnover rose to 38,986 lots from 35,350 lots on Friday. Meanwhile, open

interest went up to 130,417 contracts from 127,541 contracts

previously.

On the physical market, August South was down RM30 to RM3,120 a tonne.

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