CPO Futures Undergo Minor Correction

KUALA LUMPUR: Crude palm oil futures ended mixed yesterday after two consecutive days of losses, dealers said.

A dealer said the market underwent a minor correction as investors started looking for leads before putting fresh positions for the week.

The dealer said, the market was healthy with strong demand for the commodity, allowing the price to stay above the RM3,000 level.

April 2012 gained RM3 to RM3,367 a tonne, May 2012 slipped RM3 to RM3,374, June 2012 added RM2 to RM3,368 and July 2012 went up RM3 to RM3,368.

Volume fell to 19,259 lots from 28,255 lots on Tuesday while open interest slipped to 122,407 contracts from 123,984 previously.

On the physical market, March South eased RM10 to RM3,360 a tonne.

Source: Business Times

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