CPO Futures End Lower on Lack of Leads

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on a lack of fresh leads and last-minute selling, dealers said.

Most investors remained sidelined, awaiting the release of April’s palm oil export figures, before taking up fresh positions, a dealer said.

The May 2012 and June 2012 contracts fell RM17 each to RM3,498 a tonne and RM3,493 respectively. July 2012 eased RM25 to RM3,475 while August 2012 slipped RM21 to RM3,469.

Volume fell to 26,086 lots from the 29,436 lots while open interest rose to 122,092 from 115,733 contracts.

On the physical market, April South fell RM20 to RM3,500 from the RM3,520 recorded previously.

Source: Business Times

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