CPO Futures Down on Low Demand

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated to close lower on low demand.

Phillip Futures Sdn Bhd Product Specialist David Ng said the trading was rangebound as some buyers remained sidelined ahead of the release of production and export data by Malaysian Palm Oil Board, on Monday.

At the close, May 2014 and June 2014 eased RM9 each to RM2,633 a tonne and RM2,592 a tonne, respectively, July 2014 fell RM15 to RM2,564 a tonne and August 2014 lost RM18 to RM2,554 a tonne.

Turnover rose to 33,042 lots from 29,436 lots on Thursday while open interest was slightly higher at 210,925 contracts vis-a-vis 210,346 contracts previously. Bernama

Source : New Straits Times 

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