CPO Futures end Easier on Europe woes

KUALA LUMPUR: The crude palm oil futures closed easier yesterday in tandem with other financial markets weighed down by renewed worries over the eurozone debt crisis, dealers said.

Uncertainties in the global economy continued to dictate price movements and saw investors remaining cautious, a dealer said.

Both spot month June 2012 and July 2012 erased RM30 each to RM2,930 a tonne and RM2,959, respectively. August 2012 fell RM24 to RM2,965 and September 2012 lost RM25 to RM2,961.
Volume dwindled to 26,461 lots, from 32,538 lots, while open interest rose to 102,048 from 98,891 contracts.

On the physical market, June South was flat at RM3,000.

Source : Business Times

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