Palm Futures’ Downtrend Continues

CRUDE palm oil futures on Bursa Malaysia Derivatives continued their downtrend yesterday as traders stayed on the sidelines, a dealer said.

She said trading was volatile throughout the day and volume was thin.

January 2012 fell RM19 to RM3,202 per tonne, February 2012 slipped RM23 to RM3,200 per tonne, March 2012 decreased by RM35 to RM3,190 per tonne while April 2012 lost RM28 to RM3,188 per tonne.

Volume fell to 16,400 lots from 18,284 while open interest increased to 113,563 contracts from 113,271 .

On the physical market, January South fell RM20 to RM3,220 a tonne.

Source: Business Times

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