CPO Futures Mixed

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed
mixed yesterday as players remained on the sidelines ahead of the

extended weekend, dealers said.

They believed prices would rise after the Chinese New Year holiday

due to expectations of lower production and stock level for February.

At the close, February 2010 declined RM16 to RM2,575 per tonne,

March 2010 was unchanged at RM2,586 per tonne, April fell RM1 to RM2,579

per tonne and May rose RM2 to RM2,580 per tonne.

Turnover dropped to 8,789 lots from 12,763 lots the previous day while

open interest increased to 78,551 contracts from 77,624 contracts.

On the physical market, February South finished RM10 lower at

RM2,590 per tonne from RM2,600 per tonne.

Source : Business Times

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