KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower on continuous selling yesterday, a dealer said.
Phillip Futures derivatives specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting concerns over weak exports and high production for the month coupled with weak sentiment in the soy bean market.
Spot month September 2014 and December 2014 declined RM34 each to RM2,055 a tonne and RM2,023 a tonne, respectively, October 2014 slipped RM33 to RM1,993 a tonne, while November 2014 dipped RM40 to RM1,999 a tonne.
Volume rose to 48,181 lots from 36,389 lots on Thursday while open interest advanced to 294,549 contracts from 279,992 on Thursday.
On the physical market, August South dipped RM30 to RM2,030 a tonne from RM2,060 previously. Bernama
Phillip Futures derivatives specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting concerns over weak exports and high production for the month coupled with weak sentiment in the soy bean market.
Spot month September 2014 and December 2014 declined RM34 each to RM2,055 a tonne and RM2,023 a tonne, respectively, October 2014 slipped RM33 to RM1,993 a tonne, while November 2014 dipped RM40 to RM1,999 a tonne.
Volume rose to 48,181 lots from 36,389 lots on Thursday while open interest advanced to 294,549 contracts from 279,992 on Thursday.
On the physical market, August South dipped RM30 to RM2,030 a tonne from RM2,060 previously. Bernama
CPO Prices Depressed on Continuous Selling
KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower on continuous selling yesterday, a dealer said.
Phillip
Futures derivatives specialist, David Ng, said the CPO price plunged to
its lowest in five years over mounting concerns over weak exports and
high production for the month coupled with weak sentiment in the soy
bean market.
Spot month September 2014 and
December 2014 declined RM34 each to RM2,055 a tonne and RM2,023 a tonne,
respectively, October 2014 slipped RM33 to RM1,993 a tonne, while
November 2014 dipped RM40 to RM1,999 a tonne.
Volume
rose to 48,181 lots from 36,389 lots on Thursday while open interest
advanced to 294,549 contracts from 279,992 on Thursday.
On the physical market, August South dipped RM30 to RM2,030 a tonne from RM2,060 previously. Bernama
Source : New Straits Times
没有评论:
发表评论