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CPO futures close marginally lower
by Cals Thu 13 Jun 2013, 00:24
| CPO futures close marginally lower |
| Business & Markets 2013 |
| Written by Bernama |
| Wednesday, 12 June 2013 20:47 |
| A + / A - / Reset KUALA LUMPUR, June 12 (Bernama) -- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended slightly lower on profit taking in light of the recent rally, a dealer said. Philip Futures Sdn Bhd Derivative Product Specialist David Ng said traders remained cautious on export estimates despite good export demand and overall firmness in the Chicago soyoil market, an edible oil substitutes for palm oil. Nevertheless, he said the weaker ringgit might lend support to the CPO futures prices going forward. July 2013 slipped RM1 to RM2,449 while both August 2013 and September 2013 dropped RM5 each to RM2,451. Meanwhile, June 2013 was unchanged at RM2,420. Turnover declined to 17,041 lots from 32,041 lots yesterday, while open interest decreased to 185,151 contracts from 201,751 contracts on Monday. On the physical market, June South was unchanged at yesterday's RM2,440 a tonne. -- BERNAMA |
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