Malaysian CPO futures ended mixed today, with the benchmark futures closing on a flat note. However, a selloff in the far month futures continued to ensure that a well-entrenched syndrome in the commodity stays around. The benchmark February futures ended at MYR 1469 per tonne, up MYR 1 from the previous closing price, recovering in intraday moves after plummeting to a low of MYR 1386 initially on a breathtaking slide in the crude oil prices.
The other far month contracts ended in red though, giving away MYR 12 and MYR 65 for the March and April delivers to close at MYR 1468 per tonne and MYR 1417 per tonne respectively.
The other far month contracts ended in red though, giving away MYR 12 and MYR 65 for the March and April delivers to close at MYR 1468 per tonne and MYR 1417 per tonne respectively.
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