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CPO futures closes mostly lower
by Cals Thu 01 May 2014, 01:51
| CPO futures closes mostly lower |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 30 April 2014 20:00 KUALA LUMPUR (April 30): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower, in quiet trading after its recent gains, a dealer said. "However, higher CPO exports in April and the likely rise in demand in the coming weeks, is expected to offer support and boost prices. "The market is also anticipated to rebound from the weak trend in global crude oil contracts, easing Chicago Board of Trade soyoil prices, coupled with concerns over slowing Chinese economy," he added. May 2014 finished RM1 higher at RM2,691 a tonne, June 2014 declined RM12 to RM2,640, while both July 2014 and August 2014 lost RM13 each to RM2,623 and RM2,616 respectively. Turnover increased to 36,572 lots from 30,550 lots on Tuesday, while open interest improved to 222,815 contracts, versus 216,696 contracts recorded yesterday. On the physical market, May South eased RM20 to RM2,700 a tonne. |
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» CPO futures closes lower
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