CPO Futures Dip on Lack of Buying Interest

KUALA LUMPUR: The crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest due to weaker external market, dealers said.

They said trading was quiet as buyers remained on the sidelines awaiting fresh market leads.

May 2012 decreased by RM20 to RM3,365 a tonne, June 2012 lost RM21 to RM3,366, July 2012 lost RM19 to RM3,358 a tonne and August 2012 shed RM14 to RM3,338 a tonne.
Volume fell to 31,440 lots from 33,591 lots on Thursday and open interest slipped to 128,166 contracts from 128,633 contracts.

On the physical market, May South slipped RM10 to RM3,400 a tonne.

Source :  Business Times

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