The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower today due to weak demand for the commodity, a dealer said.
He said market sentiments were also affected by the restricted lockdowns imposed in most of the countries globally due to the surge in COVID-19 cases which heightened concerns among the traders.

As of Monday morning, the global COVID-19 cases had surpassed 67 million, with a total of 1,535,492 deaths worldwide, thus, pushing towards stricter lockdowns in a few countries including the United States and Germany.

At the close of trading today, the CPO futures contract for December 2020 rose slightly by RM6 to RM3,651 per tonne, January 2021 dropped RM43 to RM3,507 per tonne, February 2021 dipped RM42 to RM3,392 per tonne, and March 2021 fell RM40 to RM3,296 per tonne.

Total volume increased to 65,524 lots from 57,764 lots last Friday, while open interest expanded to 250,860 contracts from 240,256 contracts previously.
The physical CPO price for December South decreased RM50 to RM3,640 per tonne.

https://www.bernama.com/en/market/news.php?id=1909699
Sumber: Bernama