Palm Futures Down in Fragile Market

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

lower yesterday on a lack of fresh news to drive the market, a dealer

said.

He said market sentiment remained fragile as traders

cautiously awaited the upcoming export data and the June Malaysian Palm

Oil Board (MPOB) supply and demand data, due for release on Monday.

The

CPO futures for July 2010 was unchanged at RM2,398 a tonne, August 2010

declined RM25 to RM2,305 a tonne, September 2010 eased RM31 to RM2,270

per tonne and October 2010 slipped RM32 to RM2,250 per tonne. On the

physical market, July South dropped

to RM2,390 per tonne from RM2,400 per tonne previously.

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