CPO Futures Slips on Easing Demand

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended lower yesterday due to easing demand.

A dealer said higher inventories in producing countries and a rebound in the ringgit against the US dollar limited any upside.

July 2014 declined RM22 to RM2,462 a tonne, August 2014 dropped RM19 to RM2,456, September 2014 lost RM20 to RM2,446, while October 2014 eased RM20 to RM2,445.

Volume expanded to 45,588 lots from 45,446 lots on Wednesday, while open interest rose to 226,402 contracts from 222,636 previously.

On the physical market, July South added RM90 to RM2,590 a tonne. – Bernama

 

Source : New Straits Times

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