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Categories
| CPO futures extend losses |
| Business & Market 2009 | |||
| Written by Joseph Chin | |||
| Friday, 03 July 2009 11:20 | |||
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KUALA LUMPUR: Crude palm oil (CPO) futures fell as much as RM40 to RM2,140 in mid-morning on July 3 on concerns that rising production this quarter might see prices retrace. At the RM2,140 price level, this was the lowest level since April 8. On July 2, CPO futures closed RM78 down to RM2,180 on rising concern that an increase in production this quarter might see prices retrace. Analysts were expecting palm oil production to rise in August.
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