CPO Futures End Lower Tracking Soyabean Mart

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday, tracking the overnight losses on the Chicago soyabean market and the effect of stronger ringgit against the US dollar, a dealer said.

At the close, July 2014 eased RM13 to RM2,453 a tonne, August 2014 was down by RM22 to close at RM2,413, September 2014 declined RM30 to RM2,384 and October 2014 fell RM32 to RM2,375.

Volume decreased to 39,418 lots from 40,451 lots, while open interest narrowed to 247,191 contracts from 249,894 contracts previously.

On the physical market, July South gained RM5 to RM2,465 a tonne from RM2,460 a tonne on Monday. Bernama

Source : New Straits Times

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