CPO Futures Tracks Fall in Soya Oil

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday due to overnight weakness on the Chicago soyabean market, a dealer said.

Spot month December 2013 lost RM31 to RM2,571 a tonne, January 2014 decreased RM30 to RM2,607, February 2014 shed RM26 to RM2,617 and March 2014 depreciated by RM24 to close at RM2,623 a tonne. 

Volume increased to 39,488 lots from 30,701 lots yesterday, while open interest rose to 190,771 contracts from 179,842 contracts previously. 

On the physical market, December South dwindled RM10 to RM2,620 a tonne.

Source : Business Times

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