Slips on Weak Sentiment

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday dampened by weak market sentiment and lacklustre export performance.

For the first 15 days in October, Malaysia’s palm oil exports fell 16.5 per cent from the same period last month to 626,482 tonnes.

November 2014 fell RM18 to RM2,135 a tonne, December 2014 eased RM12 to RM2,121 a tonne, January 2015 lost RM18 to RM2,119 a tonne while February 2015 was RM17 lower at RM2,125 a tonne.

Volume decreased to 50,959 lots against 59,068 lots on Wednesday while open interest fell to 309,076 contracts from 332,370 contracts previously.

On the physical market, October South was RM10 lower at RM2,150 a tonne. Bernama


Source : New Straits Times

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