KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed marginally lower yesterday, upon the release of a bearish set of data by the Malaysian Palm Oil Board.
April 2014 ended RM5 higher at RM2,655 a tonne but both May 2014 and June 2014 finished RM4 lower at RM2,627 and RM2,609 a tonne, respectively, while July 2014 eased RM1 to RM2,600 a tonne.
Turnover dipped to 28,904 lots from 33,914 lots recorded previously while open interest dwindled to 216,787 contracts from 222,285 contracts on Wednesday.
Meanwhile, on the physical market, April South was unchanged at RM2,690 a tonne. Bernama
Source : New Straits Times