CPO Futures Lower on Low Buying Interest

KUALA LUMPUR: The crude palm oil futures contract prices on Bursa Malaysia Derivatives closed sharply lower yesterday on lack of buying interest, dealers said.

They said persistent worries over the global economic growth had dampened demand for the commodity.

May 2012 and June 2012 were down RM76 each to RM3,385 per tonne and RM3,387 per tonne, respectively. July 2012 decreased RM75 to RM3,377 per tonne and August 2012 dropped RM83 to RM3,352 per tonne.
Volume rose to 33,591 lots from 27,369 lots on Wednesday while open interest improved to 128,633 contracts from 123,711 contracts.

On the physical market, May South slipped RM60 to RM3,410 per tonne.

Source : Business Times

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