CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed
lower yesterday on a lack of fresh news to drive the market, a dealer
said.
He said market sentiment remained fragile as traders
cautiously awaited the upcoming export data and the June Malaysian Palm
Oil Board (MPOB) supply and demand data, due for release on Monday.
The
CPO futures for July 2010 was unchanged at RM2,398 a tonne, August 2010
declined RM25 to RM2,305 a tonne, September 2010 eased RM31 to RM2,270
per tonne and October 2010 slipped RM32 to RM2,250 per tonne. On the
physical market, July South
to RM2,390 per tonne from RM2,400 per tonne previously.