CPO Ended Sharply Lower

KUALA LUMPUR: The crude palm oil futures contracts on Bursa Malaysia Derivatives ended sharply lower yesterday on fresh concerns about the deepening eurozone debt crisis, dealers said.

A dealer said the demand for other vegetable oils was also hurt by these concerns.

August 2012 lost RM48 to RM2,962 per tonne, September 2012 fell RM49 to RM2,976, October 2012 lost RM52 to RM2,990 and November 2012 declined RM47 to RM3,003. On the physical market, July South was down RM30 to RM2,980 from RM3,010 last Friday.

Turnover increased to 27,369 lots from 25,325 lots last friday, while open interest increased to 111,018 contracts from 107,844 previously. Bernama

Source :
Business Times

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