KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed unchanged yesterday.

A dealer said the commodity’s prices swung between negative and positive territory amid sluggish export pace evident from Intertek Testing Services and Societe Generale de Surveillance report.

“We expect cargo surveyors to report four to five per cent decline for the first 25 days this month.”

May 2014 rose RM3 to RM2,701 a tonne while June 2014, July 2014 and August 2014 remained unchanged at RM2,668, RM2,651 and RM2,642, respectively.

Turnover fell to 25,161 lots from 34,061 lots while open interest sank to 208,371 contracts from 218,371 contracts.

On the physical market, April South rose RM10 to RM2,730 a tonne. Bernama

Source : New Straits Times