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CPO futures close lower

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CPO futures close lower Empty CPO futures close lower

Post by Cals Tue 19 Nov 2013, 00:08

CPO futures close lower
Business & Markets 2013
Written by Bernama   
Monday, 18 November 2013 20:12
KUALA LUMPUR (Nov 18): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today on lack of buying interest following the stronger ringgit against the greenback, said a dealer.

"However, supply-side fundamentals remained positive and today's fall is likely to be capped," said Phillip Futures Sdn Bhd Derivative dealer David Ng.

Meanwhile, spot month December 2013 lost RM23 to RM2,591 a tonne, February 2014 decreased RM22 to RM2,592 a tonne while January 2014 and March 2014 fell RM19 each to RM2,594 a tonne, respectively.

Volume decreased to 42,523 lots, from 43,636 lots recorded last Friday, while open interest rose to 194,529 contracts from 191,986 contracts registered previously. 

On the physical market, December South stood at RM2,600 a tonne. -- BERNAMA
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