CRUDE palm oil (CPO) futures prices, despite strong export numbers,
ended lower yesterday on Bursa Malaysia Derivatives due to further
declines in crude oil and equity markets, dealers said.
They said
crude oil fell to US$68 (US$1.00 = RM3.32) per barrel on growing
concern that Europe’s debt crisis would derail the global economic
recovery and encourage investors to reduce riskier assets.
A
dealer said sovereign debt issue in Greece and possible contagion to
other economies in euro zone was also curbing risk appetite for
commodities.
June 2010 declined by RM25 to close at RM2,505 per tonne, July 2010 was
RM36 lower at RM2,472, August 2010 dropped RM54 to RM2,436 while
September 2010 dipped RM51 to RM2,421.
Source : Business Times
