Palm Futures end Sharply Lower

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended sharply lower yesterday in choppy trading, dealers said.

A dealer said investors were awaiting Malaysia’s export data for October 1-10 tomorrow, after weaker-than-expected numbers in September failed to alleviate concerns over high stock levels.

At the close, October 2012 eased RM23 to RM2,225 per tonne, November 2012 dropped RM20 to RM2,314, December 2012 fell RM47 to RM2,368 and January 2013 declined RM50 to RM2,430.
Turnover fell to 36,000 lots from 41,744 lots last Friday while open interest slipped to 163,067 contracts. 

Source : Business Times

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