CPO PRICE ON APRIL 6: At the beginning of trading, down 1.23%

June 2016 CPO futures, the most-active contract on Bursa Malaysia, opened 1.23% lower at MYR2,722 a ton.
Meanwhile, the ringgit was seen strengthening against the US dollar in the Asia spot market. The local note gained 0.28% to MYR3.91 against the greenback.
Yesterday, CPO futures contracts fell 0.51% to MYR2,756 a ton.
According to Asia Pacific Equity Research, as quoted by Bloomberg, there was some positive data expected to provide short-term support, including data from the US Department of Agriculture on plans to reduce soybean planting output.
Price movement of the June 2016 CPO contracts



Date
Level
Change


6/4/2016(10.00 WIB)
2.722
-1,23%


5/4/2016
2.756
-0,51%


4/4/2016
2.770
+0,80%


1/4/2016
2.748
+0,84%


31/3/2016
2.725
-0,73%



Source: Bloomberghttp://market.bisnis.com/read/20160406/94/535049/harga-cpo-6-april-awal-dagang-anjlok-123