Data Fails to Lift Trade Palm Futures

KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday despite better export data from cargo surveyors, dealers said.

Exports of palm oil products in March rose by 5.48 per cent to 1.368 million tonnes.

April 2013 eased RM25 to RM2,315 a tonne, May 2013 declined RM36 to RM2,332, June 2013 lost RM41 to RM2,337 and July 2013 fell RM42 to RM2,345.

Turnover surged to 31,364 lots from 22,647 lots last Friday while open interest advanced to 184,440 contracts from 176,611 contracts.


On the physical market, April South lost RM30 to RM2,340 a tonne.


Source : Business Times 

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