CPO Futures end Marginally Lower

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange ended marginally lower on discouraging export data, dealers said.

Societe Generale de Surveillance said exports of Malaysian palm oil products for May 1 to 20 declined 9.4 per cent to 799,405 tonnes from the same period in April.

June 2013 slipped RM4 to RM2,330 per tonne, July 2013 and August 2013 shed RM1 each to RM2,344 per tonne and RM2,335 per tonne, respectively, but September 2013 added RM1 to RM2,327 per tonne.

Volume decreased to 27,659 lots from 35,851 last Friday, while open interest declined to 193,340 contracts, against 205,413 previously.

Source : Business Times 

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