CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives extended
its losses to three consecutive days yesterday, in line with the
downtrend on the US and China soyaoil markets, said dealers.
They
said the lower performance of the CPO futures was despite, crude oil
prices firming above US$83 a barrel yesterday.
May 2010 fell
RM15 to RM2,551 a tonne, June 2010 shed RM14 to RM2,545, July 2010
declined RM16 to RM2,531 and August 2010 shed RM16 to RM2,525.
Volume however, rose to 13,894 lots from 12,204 lots yesterday and open
interests climbed to 63,961 contracts from 63,531 previously.On the
physical market, May South dropped to RM2,560 a tonne from RM2,575
previously.
Source : Business Times
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