KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday due to weak buying interest for the commodity.
Phillip Futures Sdn Bhd derivative product specialist David Ng said the market was dragged down by the weaker soyabean oil price on the Chicago futures market.
October 2014 fell RM34 to RM2,136 a tonne, November 2014 eased RM31 to RM2,113 a tonne, December 2014 lost RM34 to RM2,111 a tonne while January 2015 declined RM38 to RM2,125 a tonne.
Volume decreased to 60,700 lots from 74,838 lots on Thursday while open interest narrowed to 320,124 contracts from 342,727 contracts previously.
On the physical market, October South was RM30 lower at RM2,160 a tonne. Bernama