Palm Futures Easier on Weak Export Data

THE crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended the day lower yesterday on weak export data, dealers said.

January and February 2012 fell RM13 each to RM3,157 and RM3,162 a tonne respectively. Meanwhile, March 2012 slid RM11 to RM3,159 and April 2012 slipped by RM22 to RM3,150 a tonne.

Volume declined to 12,712 lots from last Friday’s 18,668 lots, while open interest climbed to 111,786 contracts from the 111,428 contracts registered previously.

On the physical market, January South lost RM30 to RM3,170 a tonne.

Source: Business Times

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