Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday in line with slowing demand and weak crude oil prices, dealers said.
A dealer said prices were also affected by soybean oil which slipped on investors concern on the uncertainties in the financial markets and lower demand.
The dealer said the market sentiment was fragile and CPO prices would likely trade between RM1,500 and RM1,600 per tonne in the next few days.
At close, January 2009 was down RM50 at RM1,540 a tonne, February 2009 decreased by RM56 to RM1,531 a tonne, March 2009 slipped RM58 to RM1,530 and April 2009 dipped by RM54 to settle at RM1,531 a tonne.
Volume went up to 8,722 lots from 8,003 lots on Monday and open interests fell to 84,137 contracts from 84,533 contracts previously.
On the physical market, December South slipped to RM1,560 a tonne from RM1,600 per tonne on Monday.
More Recent Palm Oil News 
- CPO Rises To Two Week High; Industry Data In Focus
- Crude Palm Oil Ends Up On Weekend Short Covering; Upside Limited
- Crude Palm Oil Recovers Late On Short Covering
- Crude Palm Oil Ends Down As Demand Prospects Weaken
- Crude Palm Oil Rises Slightly; Weak Demand Limits Upside
- Crude Palm Oil Ends Up On South America Crop Worries
- Crude Palm Oil Rises On Pre-Holiday Short-Covering
- Crude Palm Oil Falls Due To Bearish Export Outlook
- Crude Palm Oil Ends Higher On South America Weather
- Crude Palm Oil Ends Down On Profit Taking; USDA Report In Focus
- Crude Palm Oil Rises In Light Trade; USDA Data In Focus
- Crude Palm Oil Steady; South America Weather May Underpin
- Crude Palm Oil Ends Up In Light Trade; Fresh Cues Awaited
- Crude Palm Oil Ends Up On Weather Concerns; More Gains Likely
- Crude Palm Oil Ends Down On Profit Taking, Europe Worries
PRO Palm Oil Live Market News
- European Veg Oil AM Palm Oil & Lauric Oil Prices – Feb 8
- India Commodity Prices Including Palm Oil – Agriculture
- CPO Rises To Two Week High; Industry Data In Focus
- Indonesia PT KPB Sells 6,500 Tons Crude Palm Oil (CPO) At Auction Wednesday
- Malaysian PM Cash Market Prices For Palm Oil – Feb. 8
- Malaysia End-January Palm Oil Stocks Likely Up 1% On Weak Exports
- China Dalian Commodity Exchange Grain Stocks, Feb 08
- China Dalian Grain Futures Closing Prices, Volume
- BMD Crude Palm Oil (CPO) Rises To 1-Week High But Gains Limited
- Malaysian AM Cash Market Prices For Palm Oil – Feb. 8
- BMD Crude Palm Oil (CPO) Rises On Short Covering; May Rise More
- BMD Crude Palm Oil (CPO) Tipped To Open Up MYR5-MYR10 After Holiday
- Asia-Pacific Commodities Events Calendar
- Southeast Asia Palm Oil Weather – Feb 7
- Southeast Asia Palm Oil Weather – Feb 7
