Palm Futures Dip on Lack of Fresh Leads

KUALA LUMPUR: The crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking in a choppy market, a dealer said.

“Overall, the market was affected by the lack of fresh leads but sentiment remained positive,” a dealer said.

At close, the April 2012 contract was unchanged at RM3,367 a tonne, while May 2012 slipped RM28 to RM3,346, June 2012 declined RM26 to RM3,342 and July 2012 dropped RM32 to RM3,336.

Volume rose to 26,589 lots from the 19,259 lots on Wednesday while open interest increased to 123,872 contracts from 122,407 contracts previously.

On the physical market, March South was flat at RM3,360 a tonne

Source: Business Times

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