KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower yesterday dampened by weakness in crude oil prices and expectation of higher palm oil inventory for October.
Phillip Futures Sdn Bhd Derivative Product Specialist David Ng said traders remained cautious ahead of the Malaysian Palm Oil Board’s data to be released next week on the stock level for October.
At close, November 2014 fell RM27 to RM2,192 a tonne, December 2014 lost RM27 to RM2,201 a tonne, January 2015 was down RM26 to RM2,196 a tonne and February 2015 declined RM22 to RM2,206 a tonne.
Volume rose to 59,182 lots from Thursday's 53,064 lots while open interest widened to 289,165 contracts from 278,651 contracts yesterday.
On the physical market, November South eased RM30 to RM2,230 a tonne. Bernama