Friday, February 26, 2010


Crude palm oil futures on Bursa Malaysia Derivatives closed lower in lacklustre trading yesterday, dealers said.

"There was lack of interest as players were not keen to take up new positions ahead of the long weekend," a dealer said, adding that players were still away for the Chinese New Year celebration.

The Malaysian market is closed today for the Maulidur Rasul celebration
The market also did not react to the 10 per cent drop in export figures for Feb 1 to Feb 25, as announced by cargo surveyor Intertek Testing Services.

Another cargo surveyor, Societe General de Surveillance, is also due to report lower export figures but this is expected to be offset by weaker output.

March slipped RM5 to RM2,595 per tonne, April decreased RM40 to RM2,590, May fell RM29 to RM2,595 and June dipped RM37 to RM2,579 per tonne.

Turnover rose to 17,856 lots from 11,713 lots Wednesday while open interest decreased to 82,981 contracts from 83,180 contracts previously.

On the physical market, February South shed RM5 to RM2,605 per tonne - BERNAMA

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