CPO FUTURES
Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mixed yesterday as investors remained wary of the impact of the current swine flu epidemic on demand for grains and meat, dealers said.
Vegetable oil prices have a tendency to move in tandem with grains prices.
Dealers said investors cut their positions ahead of the long weekend and took the opportunity to sell amid the lack of fresh news.
"Concerns that demand for vegetable oil from China may be reducing has also affected buyers sentiment," a dealer said.
May 2009 declined RM10 to RM2,642 per tonne, June 2009 eased RM8 to RM2,546 per tonne, July 2009 rose RM24 to RM2,480 per tonne and August 2009 increased RM4 to RM2,397 per tonne.
Turnover was higher at 24,260 lots from 16,596 lots yesterday while open interests was higher at 86,590 contracts from 85,628 contracts.
As for the physical market, May South declined to RM2,650 per tonne from RM2,670 per tonne yesterday.
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