CPO Mixed on Profit Taking

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed mixed yesterday on profit-taking, a dealer said.

Phillip Futures Sdn Bhd derivative product specialist, David Ng, said demand was low with investors’ concern about inventories still weighed on the market.

At the close, October 2014 rose RM14 to RM2,170 a tonne and November 2014 gained RM9 to RM2,144 a tonne.

December 2014 fell RM1 to RM2,145 a tonne and January 2015 slipped RM3 to RM2163 a tonne.

Volume increased to 74,838 lots from 71,020 lots on Wednesday while open interest widened to 342,727 contracts from 338,817 previously.

On the physical market, October South was RM20 higher at RM2,190 a tonne, from the RM2,170 a tonne on Wednesday. Bernama

Source: Business Times

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