CPO Futures dip on Last Minute Sell-offs

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on last minute sell-offs, dealers said.

“Throughout the morning session, the volume was pathetic and in the last minute of trading, the market was under pressure when sell-offs occurred,” she said.

At close, July 2012, August 2012 and September 2012 dropped RM12 each to RM3,003, RM3,011 and RM3,016 per tonne respectively while October 2012 declined RM18 to RM3,019 per tonne while open interest decreased to 92,921 contracts from 93,516 contracts previously.
On the physical market, June South declined RM20 to RM3,010 per tonne compared to yesterday.


Source : Business Times

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