CPO Futures End on Cautious Trading

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed mixed on lack of buying interest, an analyst said yesterday.

Phillip Futures Sdn Bhd investment analyst David Ng said: “Traders remained cautious and await the Malaysian Palm Oil Board’s April stocks and output data.”

Spot month May 2013 gained RM25 to RM2,288 a tonne, June 2013 shed RM3 to RM2,280 a tonne, July 2013 fell RM2 to RM2,287 a tonne and August 2013 remained at RM2,286 a tonne.

Turnover dwindled to 20,076 lots from 23,202 lots and open interest fell to 185,031 contracts from 187,882 contracts. On the physical market, May South lost RM20 to RM2,280 a tonne.

Source : Business Times 

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