CPO Futures Lower on Concerns Over Lower Production

Cargo surveyor, Intertek Testing Services reported that export of Malaysian palm oil products from Nov 1-20 rose 14.53 per cent to 930,133 tonnes from 812,095 tonnes shipped between Oct 1-20. December 2009 gained RM33 to RM2,370 per tonne, January 2010 rose RM39 to RM2,392 per tonne, Febuary 2010 increased RM48 to RM2,419 per tonne and March 2010 rose RM39 to RM2,415 per tonne. Turnover was lower at 13,093 lots from 18,805 lots on Thursday while open interests was higher at 96,736 contracts from 96,634 contracts previously. On the physical market, November South advanced to RM2,350 per tonne from RM2,310 per tonne previously. Source : Business Times

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