KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday after profit-taking activities trimmed earlier gains, a dealer said.
He said, the demand outlook also remained firm, in the medium-term, aided by the weakening ringgit against the dollar.
Meanwhile, spot month December 2013 lost RM13 to RM2,640 a tonne, January 2014 decreased RM10 to RM2,642 a tonne, February 2014 shed RM11 to RM2,642 and March 2014 fell RM10 to RM2,642 a tonne.
Volume depreciated to 42,487 lots, from 45,262 lots previously, while open interest declined to 191,226 contracts versus Thursday’s 194,158 contracts.
On the physical market, December South was unchanged at RM2,650 a tonne.
Source : Business Times