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CPO futures end lower on profit-taking
by Cals Sat 22 Jun 2013, 16:43
| CPO futures end lower on profit-taking |
| Business & Markets 2013 |
| Written by Bernama |
| Friday, 21 June 2013 20:03 |
KUALA LUMPUR (June 21): Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower today on profit-taking, analysts said.
They said weak demand will also put pressure on the commodity prices despite bullish palm oil export data.
"The selling will continue as the price is still below RM2,470, which will push it to a five-day low," an analyst said.
July 2013 declined RM26 to RM2,431 a tonne, August 2013 slipped RM25 to RM2,446 a tonne, September 2013 fell RM24 to RM2,439 a tonne and October 2013 decreased RM18 to RM2,433 a tonne.
Turnover rose to 27,515 lots from 11,035 lots yesterday and open interest fell to 198,383 contracts from 204,978 contracts on Thursday.
On the physical market, July South was down RM40 to RM2,440 a tonne.
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