CPO Futures Extend Losses

KUALA LUMPUR: Crude palm oil (CPO) futures contracts closed lower yesterday, extending their losses from Friday last week on uncertain market sentiment, a dealer said.

January 2014 and February 2014 fell RM40 each to RM2,566 and RM2,590 a tonne, respectively.

March 2014 slipped RM36 to RM2,604, April 2014 declined RM34 to RM2,610, while May 2014 and June 2014 dropped RM30 each to close at RM2,614 and RM2,609, respectively. 

Turnover rose to 47,264 lots from Friday’s 21,029 lots, while open interest increased to 196,380 contracts from 173,553 contracts previously. 

On the physical market, January South went down RM30 to RM2,580 per tonne.

Source : Business Times

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