CPO futures fall on lack of demand

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KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange fell yesterday on lack of demand despite Wednesday’s rebound, a dealer said.

June 2014 and September 2014 shed RM17 each to RM2,423 per tonne and RM2,415 per tonne, respectively, July 2014 erased RM18 to RM2,425 per tonne while August 2014 dipped RM16 to RM2,417 per tonne.

Volume dropped to 30,534 lots from 42,354 lots  while open interest narrowed to 206,604 contracts from 217,744 contracts previosuly. On the physical market, June South declined RM20 to RM2,440 per tonne. Bernama

Source: Business Times

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