CPO futures lower on weak data

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower against the backdrop of weak export data.

February 2014 eased RM37 to RM2,545 a tonne, March 2014 depreciated RM33 to RM2,550, April fell RM35 to RM2,556, May 2014 decreased RM38 to RM2,555, June 2014 dipped RM39 to RM2,549 and July 2014 declined RM42 to RM2,542 a tonne.

Turnover rose to 38,992 lots from last Friday’s 26,095 lots while open interest increased to 213,044 contracts from 194,849 contracts on Friday. 

On the physical market, February South shed RM30 to RM2,550 a tonne.

Source : Business Times

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