CPO Futures End Slightly Lower

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly lower yesterday on a lack of trading interest, dealers said.

Global economic uncertainty and expectations of better crop production weighed on market sentiment.

“But, recovering exports and a smaller soyabean crop in Argentina limited losses,” she said.

May 2012 fell RM3 to RM3,510 a tonne, July 2012 shed RM11 to RM3,500 and August 2012 lost RM6 to RM3,484. June 2012 was flat at RM3,516.

Volume jumped to 29,661 lots, from 22,353 lots, yesterday while open interest fell to 120,892, from 122,993 contracts, on Wednesday.

On the physical market, April South rose RM40 to RM3,520 a tonne.

Source :  Business Times

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