CPO Futures End Sharply Lower

KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed sharply lower yesterday as investors remained cautious on market expectations of record CPO stocks, dealers said.

November 2012 fell RM70 to RM2,300 a tonne, December 2012 declined RM75 to RM2,352, January 2013 fell RM85 to RM2,411 and February 2013 eased RM86 to RM2,455.

Turnover increased to 44,480 lots from 28,333 lots on Friday while open interest fell to 174,893 contracts from 159,286 contracts.

On the physical market, November South fell to RM2,310 a tonne from RM2,380 last Friday.

Source : Business Times

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