CPO Closed Mostly Lower

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly lower yesterday on slowdown in China’s economic growth and the weakening of the rupee against the US dollar. 

New contract month, July 2013, gained RM41 to RM2,390, August 2013 declined RM37 to RM2,409, September 2013 dropped RM36 to RM2,403 and October 2013 decreased RM33 to RM2,400.


Turnover fell to 25,843 lots from 27,515 lots last Friday, while open interest declined to 194,193 contracts from 198,383 contracts previously.


On the June CPO, prices were traded between RM2,340 and RM2,410. Bernama


Source : Business Times 

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