CPO Futures Close Slightly Lower

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended slightly lower despite the encouraging set of export data released by two cargo surveyors. Dealers said losses were however limited.

Intertek Testing Services reported that exports of Malaysian palm oil products for October 1-15 rose 13.1 per cent to 769,534 tonnes from 680,112 tonnes in September.

Another cargo surveyor, Societe Generale de Surveillance, said exports in the same period surged 16.3 per cent to 768,550 tonnes. 

Spot month November 2012 lost RM10 to RM2,397, December 2012 rose RM2 to RM2,435, February 2013 fell RM12 to RM2,495 while benchmark January 2013 decreased RM4 to RM2,466.

Source : Business Times

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