05 August 2003 03:26
CPO FUTURES PRICES CLOSED MOSTLY LOWER
KUALA LUMPUR, Aug 5 (Bernama) -- Crude palm oil (CPO) futures prices on the Malaysia Derivatives Exchange (MDEX)
closed mostly lower today with players still liquidating their stock, a dealer said.
"The market doesn't seem to be handling very well, even with the Russian President in Malaysia to discuss,
among other things, acquiring Malaysian CPO," he said.
"The peak production season for the commodity continues to drag down the market."
Spot month August declined RM1 to close at RM1,350 per tonne, September increased RM1 to RM1,289 per tonne, October
fell RM1 to close at RM1,242 per tonne and November also eased RM1 to settle at RM1,236 per tonne.
Volume decreased to 3,860 contracts from 5,848 contracts yesterday while open interest also decreased to 30,770 lots
from 30,812 lots yesterday.
As for the physical market, September South rose RM5 to close at RM1,395 per tonne from RM1,390 per tonne last
Friday.
[AIW [Asia Africa Intelligence Wire]] |
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