CPO Futures Ease Amid Weak Overseas Market

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives ended

lower yesterday in line with the weak soybean futures at the electronic

Chicago Board of Trade, dealers said.

Dealers said the weak

overseas market due to higher supply of the commodity and shrinking

demand, added bearishness to the market.

May rose RM4 to RM3,410 a tonne, June fell RM3 to RM3,309, July decreased RM6 to RM3,265 and August declined RM2 to RM 3,255.

However, turnover went up to 24,367 lots from 14,358 lots previously,

while open interests rose to 105,814 contracts from 105,765 on Tuesday.

On the physical market, May South dwindled RM30 to RM3,380 a tonne.

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