CPO Futures Lower as Players Stay Out

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivativesclosed lower yesterday ahead of year-end holidays and market players staying out to await the December export data, dealers said. The data from cargo surveyors are expected to be released tomorrow or next Monday. The CPO futures for January 2010 and February 2010 declined RM5 each to close at RM2,530 per tonne and RM2,566 per tonne respectively.

March 2010 eased RM2 to settle at RM2,590 per tonne while April 2010 decreased RM14 to RM2,596 per tonne. Turnover rose to 9,694 lots from 9,020 lots on Monday while open interest declined to 83,093 contracts from 83,309 contacts previously. On the physical market, January South was unchanged at Monday’s settlement of RM2,550 per tonne. Source : Business Times

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