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CPO futures close lower
by Cals Sun 30 Jun 2013, 02:05
CPO futures close lower
Business & Markets 2013
Written by Bernama
Friday, 28 June 2013 21:11
KUALA LUMPUR (June 28): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower today, recording its fifth straight loss on profit-taking activities, a trader said.
Interband group senior palm oil trader Jim Teh said investors remained cautious amid a volatile week, coupled with weak economic data from the United States and China, signalling a slowdown in global growth.
New contract month July 2013 slipped RM11 to RM2,337 a tonne, August 2013 increased RM13 to RM2,346, September 2013 fell RM11 to RM2,344 and October 2013 decreased RM9 to RM2,340.
Turnover increased to 38,374 lots from 30,897 lots on yesterday, while open interest rose to 207,010 contracts from 202,610 contracts previously.
On the physical market, June South was unchanged at RM2,370 a tonne. -- BERNAMA
Business & Markets 2013
Written by Bernama
Friday, 28 June 2013 21:11
KUALA LUMPUR (June 28): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower today, recording its fifth straight loss on profit-taking activities, a trader said.
Interband group senior palm oil trader Jim Teh said investors remained cautious amid a volatile week, coupled with weak economic data from the United States and China, signalling a slowdown in global growth.
New contract month July 2013 slipped RM11 to RM2,337 a tonne, August 2013 increased RM13 to RM2,346, September 2013 fell RM11 to RM2,344 and October 2013 decreased RM9 to RM2,340.
Turnover increased to 38,374 lots from 30,897 lots on yesterday, while open interest rose to 207,010 contracts from 202,610 contracts previously.
On the physical market, June South was unchanged at RM2,370 a tonne. -- BERNAMA
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