CPO Futures Slips on Poor Demand

KUALA LUMPUR: Crude palm oil futures contract closed lower yesterday, pressured by weakening demand. 

February 2014 and March 2014 both eased RM25 each to RM2,520 and RM2,525 a tonne, respectively.

April fell RM27 to RM2,529, May 2014 decreased RM28 to RM2,527, June 2014 dipped RM28 to RM2,521 and July 2014 fell RM29 to RM2,513 a tonne. 

Turnover fell to 35,987 lots from Monday’s 38,992 lots while open interest increased to 215,426 contracts from 213,044 previously contracts. On the physical market, February South shed RM20 to RM2,530 a tonne.

Source :  Business Times

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