CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives
closed lower yesterday following the downtrend on the Dalian Commmodity
Exchange and profit-taking activities, dealers said.
Another
dealer said many traders were still concerned over rising domestic
supply due to better weather conditions and sluggish demand from buyers.
May
and June fell RM21 each to RM3,370 per tonne and RM3,300 per tonne
respectively, July shed RM23 to RM 3,270 per tonne while August
decreased RM24 to RM3,256 per tonne.
On the physical market, May South fell RM20 to RM3,380 per tonne.
