Palm Futures end Below RM2,900

KUALA LUMPUR: The crude palm oil (CPO) futures contract prices on Bursa Malaysia Derivatives yesterday tumbled below the RM2,900 level per tonne for the first time this year, dealers said.

The August 2012 futures contract dipped to RM2,846 per tonne, down RM102.

Spot month June 2012 and nearby July 2012 each declined RM107 to RM2,810 per tonne and RM2,839 per tonne respectively, while September 2012 depreciated RM105 to RM2,850 per tonne.
Volume decreased to 100,392 lots from the 101,329 lots on Wednesday, while open interest edged up to 37,755 contracts from 18,627 contracts.

Source : Business Times

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