CPO Futures Down on Profit-taking

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday after profit-taking activities trimmed earlier gains, a dealer said. 

He said, the demand outlook also remained firm, in the medium-term, aided by the weakening ringgit against the dollar. 

Meanwhile, spot month December 2013 lost RM13 to RM2,640 a tonne, January 2014 decreased RM10 to RM2,642 a tonne, February 2014 shed RM11 to RM2,642 and March 2014 fell RM10 to RM2,642 a tonne.

Volume depreciated to 42,487 lots, from 45,262 lots previously, while open interest declined to 191,226 contracts versus Thursday’s 194,158 contracts.

On the physical market, December South was unchanged at RM2,650 a tonne.

Source : Business Times 

Share this post:

Leave a Reply