Palm Futures End Sharply Lower

CRUDE palm oil futures on Bursa Malaysia Derivatives Bhd closed sharply lower yesterday on profit-taking, dealers said.

They

said market players took the cue from the sharp losses in soyabean

prices on the Chicago Board of Trade as well as the decline of other

commodities globally on Tuesday.

February 2011 declined by RM148

to close at RM3,820 per tonne, March 2011 fell RM177 to RM3,790, April

2011 shed RM188 to RM3,745 and May 2011 slipped RM190 to RM3,695.

Total volume increased to 25,895 lots from 22,646 while open interest

fell to 101,211 contracts from 101,509 contracts previously.

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