Palm Futures Down on Bearish Sentiment

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday on expectations of lower exports for the month, dealers said.

Sot month July 2012 declined RM56 to RM2,997, after trading between RM2,980 and RM3,050.

August 2012 fell RM56 to RM3,013, September 2012 decreased RM70 to RM3,012 and October 2012 declined RM64 to RM3,023.

Volume rose to 45,851 lots from 27,591 lots on Wednesday while open interest increased to 147,635 contracts from 131,106 contracts previously.

On the physical market, July South fell RM70 to RM3,030 a tonne.

 

Source : Business Times

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