CPO Futures Lower on Bearish Sentiment

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

closed lower yesterday following the downtrend on the Dalian Commmodity

Exchange and profit-taking activities, dealers said.

Another

dealer said many traders were still concerned over rising domestic

supply due to better weather conditions and sluggish demand from buyers.

May

and June fell RM21 each to RM3,370 per tonne and RM3,300 per tonne

respectively, July shed RM23 to RM 3,270 per tonne while August

decreased RM24 to RM3,256 per tonne.

On the physical market, May South fell RM20 to RM3,380 per tonne.

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