CPO Ended Slightly Lower

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended slightly lower on profit-taking in light of the recent rally, a dealer said.

Philip Futures Sdn Bhd Derivative Product Specialist David Ng said traders remained cautious on export estimates.

July decreased RM1 to RM2,449 while both August and September dropped RM5 to RM2,451. Meanwhile, June was unchanged at RM2,420.

Turnover declined to 17,041 lots from 32,041 lots, while open interest decreased to 185,151 contracts from 201,751 contracts on Monday.

On the physical market, June South was unchanged at RM2,440 a tonne. Bernama

Source : Business Times 

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