Friday, April 2, 2010

DJ MARKET TALK: BMD CPO Futures Up Midday In Sluggish Trade

[Dow Jones] BMD CPO futures up midday in sluggish trade as other markets closed for Good Friday holidays. Marginal rise in palm oil on Dalian Commodity Change gives some support to BMD, Kuala Lumpur-based broker says. June contract likely to ease on profit-taking during afternoon trade as prices weren't able to breach MYR2,570/ton, Malaysia-based exporter says. Benchmark BMD June CPO futures trading MYR12 higher midday at MYR2,555/ton, off intraday high of MYR2,569/ton.

(shie-lynn.lim@dowjones.com)

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