Palm Futures Lower on Renewed Eurozone Debt Fear

PRICES on the crude palm oil futures contract market ended lower on

Bursa Malaysia Derivatives yesterday amid renewed concern over the

eurozone debt crisis, dealers said.

The June 2010 contract

dropped RM1 to RM2,548 per tonne while July 2010 fell RM16 to RM2,439

per tonne, August 2010 went down RM19 to RM2,391 per tonne and September

2010 declined RM18 to RM2,366 per tonne.

Turnover was higher at

15,455 lots compared to 11,103 lots Monday while open interest declined

to 77,731 contracts from 78,541 contracts previously.

On the physical market, June South remained unchanged at RM2,530 per

tonne.

Source : Business Times

Leave a Reply