CPO Futures End Sharply Lower

KUALA LUMPUR: The crude palm oil (CPO) futures ended sharply lower yesterday on a lack of demand, a dealer said. 

Interband Group Senior Palm Oil Trader Jim Teh said most investors remained cautious ahead of CPO production and stock data to be released by the Malaysian Palm Oil Board (MPOB).

January 2013 decreased RM41 to RM2,328 a tonne, February 2013 fell RM58 to RM2,367, March 2013 declined RM47 to RM2,420 and April 2013 lost RM44 to RM2,460.

Turnover added to 58,065 lots from 32,188 lots while open interest rose to 218,463 contracts from 193,511 contracts recorded previously.

On the physical market, January South slipped by RM40 to RM2,250 a tonne recorded on Friday.

Source : Business Times

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