CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives
closed lower yesterday on lack of strong buying, dealers said.
They
said weaker crude and soyoil prices dampened buying sentiment on the
CPO futures market.
“Players are reluctant to take heavy position
amid uncertainties in the global market,” a dealer said.
At close, July 2010 lost RM5 to RM2,406 a tonne, August 2010 declined
RM12 to RM2,358, September 2010 slipped RM11 to RM2,335 and October 2010
eased RM9 to RM2,322.
Turnover dwindled to 8,853 lots from
13,224 lots Thursday while open interest slipped to 72,093 contracts
from 72,242 Thursday.
On the physical market, July South stood
at RM2,440 a tonne.
