Palm Futures Continue Downtrend

CRUDE palm oil futures prices on Bursa Malaysia Derivatives extended

the downtrend for the third consecutive day yesterday, with selling

pressure weighing on the market, dealers said.

June 2011 lost

RM40 to RM3,435 a tonne, July 2011 declined RM34 to RM3,400, August 2011

shed RM33 to RM3,360 and September 2011 fell RM23 to RM3,342.

Turnover

declined to 17,802 lots from 24,703 lots on Tuesday while open interest

rose to 105,069 contracts from 104,852 contracts previously.

On the physical market, June South lost RM50 to RM3,450 from RM3,500 on Tuesday.

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