Palm Oil Futures End Mixed

KUALA LUMPUR: Crude palm oil futures closed mixed yesterday, tracking weaker soyaoil prices and recent developments in the eurozone debt crisis, dealers said.

A dealer said a delay in Greece’s second bailout package had raised investors’ concerns that the crisis might be prolonged and impact export trend.

February 2012 advanced RM8 to RM3,175 a tonne and March 2012 added RM6 to RM3,186, April 2012 shed RM8 to RM3,189 and May 2012 depreciated by RM14 to RM3,187 a tonne.

Turnover slipped to 23,387 lots from 25,510 lots and open interest fell to 126,571 contracts from 126,857 previously.

On the physical market, February South was up RM10 to RM3,170.

Source: Business Times

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