28/05/2012 (The Star) - In tandem with the weaker performance of other commodities, the crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to see choppy trading this, dealers said.

Interband Group of Companies senior palm oil trader Jim Teh said the market would enter a cool-down period with prices to hover between RM2,800 and RM2,900 per tonne.

“The local market will also see some profit taking activities next week (this week),” he told Bernama.

Throughout the week, the market traded mostly higher with the price moving between RM3,010 per tonne and RM3,130 per tonne.

June 2012 dropped RM4 to RM3,100 per tonne, July 2012 rose RM32 to RM3,130 per tonne, while August 2012 and September 2012 was up by RM34 each to RM3,130 per tonne and RM3,123 per tonne.

The weekly turnover fell to 202,821 lots from 215,950 lots while open interest was lower at 101,849 against 117,052 contracts previously. On the physical market, June South stood at RM3,130 per tonne. Bernama