CPO Futures End Marginally Lower

KUALA LUMPUR: The crude palm oil futures prices on Bursa Malaysia Derivatives closed marginally lower yesterday on persistent worries on eurozone debt crisis, a dealer said.

The downtrend is expected to continue until the end of this week as buyers stayed on the sidelines, awaiting fresh leads, the dealer said.

May dropped RM13 to RM3,355 a tonne and June 2012 fell RM10 RM3,359. July lost RM9 to RM3,351 and August slid RM6 to RM3,340.
Volume rose to 32,797 lots from 23,092 lots while open interest fell to 124,696 from 125,431 contracts.

On the physical market, May South improved by RM10 to RM3,380.

Source : Business Times

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