CPO Futures Lower on Bearish Data

KUALA LUMPUR: The crude palm oil (CPO) futures contract prices on Bursa Malaysia Derivatives closed lower yesterday on bearish palm oil stocks data, dealers said.

At the close, spot month July 2012 rose RM67 to RM3,139.

August 2012 fell RM16 to RM3,126, September 2012 decreased RM23 to RM3,130 and October 2012 declined RM15 to RM3,139.
 
Volume rose to 27,643 lots from 19,280 lots on Mon-day while open interest increased to 131,361 contracts from 123,590 contracts previously.

On the physical market, July South was unchanged at RM3,150 a tonne.

 

Source : Business Times

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