CPO Closed Almost Unchanged

KUALA LUMPUR: Crude palm oil futures contracts closed almost unchanged yesterday due to lack of demand for the commodity, dealers said.

Philip Futures derivative product specialist David Ng said the day’s trading was influenced by mixed leads in the market, reflected in the benchmark month September which saw sideways trading yesterday.

July 2013 added RM100 to RM2,394 a tonne, while August 2013, September 2013 and October 2013 was flat from Monday at RM2,409, RM2,404, RM2,400, respectively. 

Turnover rose to 38,358 lots from 27,843 lots while open interest rose to 208,880 contracts from 194,193 previously. 

On the physical market, June South stood at RM2,410 a tonne. Bernama

Source : Business Times 

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