CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended
lower yesterday on profit taking as well as a weaker rival soyabean
futures market, dealers said.
“There was not much news in the
market today. Overall sentiment was weak and prices fell as players
took cue from the decline in other commodities like crude oil and
soyabean futures,” one dealer said.
Crude oil price went
below US$76 per barrel yesterday. At close, May 2010 and June 2010
contracts were down RM32 each to RM2,543 per tonne and RM2,518 per
tonne, respectively.
July 2010 went down RM24 to RM2,505 per tonne and August 2010 slipped
RM30 to RM2,493 per tonne.
Source : Business Times
