CPO Futures Down on Slow Demand

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday for the second consecutive day on slowing demand for the commodity, a dealer said.

He said the weaker palm oil market was also in tandem with the easier soyaoil market.

At close, June 2014 eased RM11 to RM2,509 a tonne, July 2014 declined RM9 to RM2,505 a tonne, August 2014 shed RM4 to RM2,505 a tonne while September 2014 was slightly lower by RM3 to RM2,506 a tonne.

Turnover slipped to 31,371 lots from Monday’s 41,939 lots while open interest fell to 208,733 contracts from 223,364 contracts. Bernama

Source : New Straits Times

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