Palm Futures Close Lower in Volatile Trading

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on volatile trading throughout the day, dealers said.

November 2011 rose RM13 to RM3,065 a tonne while December 2011 slipped RM6 to RM3,044 a tonne. January 2012 fell RM11 to RM3,034 a tonne and February 2012 lost RM4 to RM3,042 a tonne.

Trading volume dwindled to 23,485 lots from Tuesday’s 25,610 while open interest stood at 133,801 contracts from 131,177 previously.

On the physical market, November South appreciated to RM3,065 against RM3,060 recorded previously.

Source: Business Times

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