KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower amid concern over China’s sluggish import data, said Philip Futures Sdn Bhd Derivative Product Specialist David Ng.
“The lower futures were because the market had expected inventories to slip lower for another month while production increased marginally.”
Spot month June gained RM3 to RM2,420 a tonne, July dipped RM4 to RM2,448 a tonne, August declined RM4 to RM2,453 a tonne and September lost RM6 to RM2,451 a tonne.
On the physical market, June South dropped RM2,430 from RM2,440 a tonne. Bernama
Source : Business Times