CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed
The drop in the CPO
easier yesterday on profit-taking after Monday’s gains, dealers said.
However, losses were capped by the easing of the ringgit which touched
a two-year high on Monday, they said.
The drop in the CPO
futures was also in line with the slight decrease in crude oil prices
which hovered at US$84 a barrel on supply concerns.
The May 2010 contract fell RM17 to RM2,558 a tonne, June 2010 declined
RM6 to RM2,562, July 2010 dropped RM10 to RM2,550 and August 2010 shed
RM10 to RM2,545 .
Volume however, rose to 14,482 lots from
13,447 lots on Monday while open interests slipped to 66,735 contracts
from 68,733 previously.
On the physical market, May South rose
to RM2,580 from RM2,560 previously.
Source : Business Times
