24/02/2016 (Bernama) - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downtrend to close lower on lack of demand.

"As the festival season has ended, buyers should be returning to the market to gear up the purchases but we dont see that now.

"We locate support at RM2,500 per tonne and immediate resistance at RM2,620 per tonne," said Phillip Futures Sdn Bhd Derivative Product Specialist David Ng.