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CPO futures closes lower

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CPO futures closes lower Empty CPO futures closes lower

Post by Cals Fri 18 Oct 2013, 05:43

CPO futures closes lower
Business & Markets 2013
Written by Bernama   
Thursday, 17 October 2013 19:23
KUALA LUMPUR (Oct 17): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower, against the backdrop of rising
production and the stronger ringgit.

Phillip Futures Sdn Bhd Derivative Product Specialist David Ng told Bernama today, that the debt deal that was reached by the US congress pressured the greenback downwards.

Meanwhile, spot month November 2013 shed RM10 to RM2,390 a tonne, December 2013 decreased RM12 to RM2,392, January 2014 eased RM11 to RM2,398, and February 2014 dipped RM12 to RM2,402.

Volume decreased to 39,043 lots from 39,694 lots on Wednesday, while open interest rose to 193,275 contracts, against 190,519 contracts recorded yesterday.

On the physical market, October South was unchanged at RM2,400 a tonne.
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