CPO Futures End Marginally Lower

KUALA LUMPUR: Crude palm oil (CPO) futures prices ended marginally lower yesterday due to the prevailing negative sentiment, a dealer said.

Phillip Futures derivative product specialist David Ng said expectation of higher production and stocks level weighed heavily on prices.

Spot month September 2014 fell RM8 to RM2,099 a tonne, October 2014 declined RM6 to RM2,087 a tonne, November shed RM3 to RM2,088 a tonne and December 2014 eased RM6 to RM2,129.

Volume slipped to 40,507 lots from 44,266 lots recorded on Friday while open interest increased to 283,460 contracts from 205,112 contracts previously.

On the physical market, August South slipped RM30 to RM2,110 a tonne.Bernama

 

Source : New Straits Times

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