CPO Futures Finish Lowest in 2 years

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives touched a two-year low at the close yesterday amid a bearish outlook.

The market also moved in line with a broad sell-off across equities and commodity markets, said Kenanga Deutsche Futures dealer, Chan Chee Wei.

Benchmark December 2012 dropped RM117 to close at RM2,646 a tonne. Spot month October 2012 fell RM81 to RM2,512 a tonne, November 2012 went down by RM115 to RM2,578 a tonne while January 2013 declined RM111 to RM2,715 a tonne. 

Volume increased to 43,372 lots from 41,163 lots last Friday.

On the physical market, October South fell to RM2,540 a tonne from last Friday’s RM2,600.

Source : Business Times

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