Palm Futures Retreat on Lack of Buying Interest

CRUDE palm oil futures on Bursa Malaysia Derivatives ended lower

yesterday on lack of buying interest following the earthquake and

tsunami that struck Japan last week, dealers said.

At theclose,

March 2011 was down RM45 at RM3,375 a tonne, April 2011 dropped RM36 to

RM3,363, May 2011 went down RM29 to RM3,335 and June 2011 fell RM30 to

RM3,315.

Turnover rose to 35,191 lots from 33,383 lots last

Friday while open interest slipped to 96,423 contracts from 96,456

contracts previously.

On the physical market, March South lost RM100 to RM3,400 from RM3,500 last Friday.

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