CPO Futures end Two-month Low

KUALA LUMPUR: Crude palm oil futures prices yesterday fell for the third straight session to a two-month low as persistent weakness in soyabean weighed down the market. 

April 2013 slipped RM34 to RM2,352 a tonne, May 2013 lost RM33 to RM2,364 and June 2013 was RM31 lower at RM2,370. New month July 2013 futures price stood at RM2,372 a tonne.

Turnover decreased to 29,364 lots from 31,784 lots, while open interest slid to 189,608 contracts from 197,035 contracts previously. 

On the physical market, March South declined RM10 to RM2,350 a tonne.


Source : Business Times

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