Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended sharply lower in line with the weak sentiment due to losses in global equities markets and renewed concerns over the financial crises in Europe, dealers said.
“The market is depressed. Declines in soyaoil prices have also weighed on sentiment,” a dealer said.
October 2008 fell RM133 to RM2,121, November 2008 dropped RM172 to RM2,120, December 2008 declined RM188 to RM2,125 and January 2009 lost RM182 to RM2,130 per tonne.
Turnover rose to 18,832 lots from 10,628 lots last Friday while open interests increased to 60,861 contracts from 60,809 contracts.
As for physical market, October South was lower at RM2,220 from RM2,350 per tonne.
The US palm oil futures were not traded.
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