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CPO futures close lower on profit-taking
by Cals Fri 30 Aug 2013, 02:03
CPO futures close lower on profit-taking
Business & Markets 2013
Written by Bernama
Thursday, 29 August 2013 19:41
KUALA LUMPUR (Aug 29): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower today, on profit-taking.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the weak rupiah had also kept Indonesian palm oil prices competitive, and there could be a shift in demand from Malaysia to Indonesia.
September 2013 declined RM45 to RM2,444 a tonne, and October 2013 loss RM46
to RM2,444 a tonne.
November 2013 fell RM41 to RM2,440 a tonne, and December 2013 decreased RM38
to RM2,440 a tonne.
Volume fell to 45,260 lots from 48,825 lots yesterday, while open interest dwindled to 205,803 contracts from 214,335 contracts Wednesday.
On physical market, September South decreased RM70 to RM2,480 a tonne.
Business & Markets 2013
Written by Bernama
Thursday, 29 August 2013 19:41
KUALA LUMPUR (Aug 29): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower today, on profit-taking.
Phillip Futures Sdn Bhd Derivative Product Specialist, David Ng, said the weak rupiah had also kept Indonesian palm oil prices competitive, and there could be a shift in demand from Malaysia to Indonesia.
September 2013 declined RM45 to RM2,444 a tonne, and October 2013 loss RM46
to RM2,444 a tonne.
November 2013 fell RM41 to RM2,440 a tonne, and December 2013 decreased RM38
to RM2,440 a tonne.
Volume fell to 45,260 lots from 48,825 lots yesterday, while open interest dwindled to 205,803 contracts from 214,335 contracts Wednesday.
On physical market, September South decreased RM70 to RM2,480 a tonne.
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