Lack of Buying Support

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday on lack of buying support for the commodity, a dealer said.

The dealer said the decline was also influenced by prospects of bigger supplies of soyabean oil which suppressed the palm oil market.

November 2014 fell RM18 to RM2,147 a tonne, December 2014 shed RM13 to RM2,134 a tonne, January 2015 eased RM11 to RM2,131 a tonne and February 2015 was RM12 lower at RM2,136 a tonne.

Volume decreased to 31,833 lots against 39,881 lots on Friday, while open interest fell to 295,707 contracts from 296,253 contracts previously.

On the physical market, October South edged down RM10 to RM2,160 a tonne. Bernama


Source : New Straits Times

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