CPO Futures Dip Tracks on CBOT Decline

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday, tracking the sharp decline on the Chicago Board of Trade (CBOT) soya complex market, a dealer said.

July 2014 eased RM13 to RM2,435 a tonne, August 2014 was down by RM9 to RM2,431, September 2014 declined RM7 to RM2,419, and October 2014 fell RM10 to RM2,416.

Volume rose to 57,586 lots from 34,246 lots, while open interest widened to 249,981 contracts from 227,656.

On the physical market, July South eased RM20 to RM2,460 a tonne from RM2,480 a tonne. Bernama

 

Source : New Straits Times

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