Palm Futures Dip on Lack of Good Leads

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

closed lower yesterday due to lack of positive news, said a dealer.

July 2011 fell RM16 to RM3,039 a tonne from RM3,055, August 2011 lost

RM12 to RM3,038 from RM3,050 while September 2011 and October 2011

dropped RM11 each to RM3,029 and RM3,028 from RM3,040 and RM3,039

respectively.

Turnover increased to 32,342 lots from 24,716 lots

on Tuesday.Open interest increased to 125,009 contracts from 121,593

contracts on Tuesday.

On the physical market, July South fell by RM20 to RM3,050 a tonne from RM3,070 on Tuesday.

Leave a Reply