CPO Futures Dip in Tandem with Weaker Vege Oils

KUALA LUMPUR: The crude palm oil futures contract closed lower yesterday in tandem with weaker vegetable oil prices, a dealer said.

March 2013 fell RM27 to RM2,481 a tonne, April 2013 lost RM28 to RM2,510 a tonne, May 2013 slipped RM25 to RM2,536 a tonne and June 2013 was RM28 lower at RM2,553.

Turnover fell to 16,996 lots, from 30,525 lots, while open interest slipped to 182,323 from 194,054 contracts previously.

On the physical market, February South declined RM30 to RM2,440 a tonne.

Source : Business Times

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