Palm Futures Dip on Lack of Interest

CRUDE palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday on lack of interest, said a dealer.

She said the market was volatile and bearish in the morning trading session.

“Prices went up in the afternoon on support from external markets. However, the firmer soyaoil and soyabean markets failed to lend market support to the market,” she added.

Both December 2011 and January 2012 fell RM15 each to RM3,185 a tonne and RM3,180 a tonne, respectively, February 2012 slipped RM16 to RM3,175 per tonne while March 2012 decreased RM19 to RM3,172 per tonne.

Source: Business Times

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