Palm Futures Dip on Tracks Weaker Soya Oil

KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, tracking the weaker soybean oil markets, dealers said.

Meanwhile, local palm oil stock level released by the Malaysian Palm Oil Board lost 5.2 per cent to 2.44 million tonnes in February. 

March 2013 fell RM40 to RM2,400, April 2013 lost RM36 to RM2,404, May 2013 was RM39 lower at RM2,411 and June 2013 fell RM37 to RM2,414 a tonne.

Turnover rose to 39,868 lots from 31,687 lots while open interest rose to 203,879 from 196,780 contracts previously. 

On the physical market, March South declined RM130 to RM2,370 a tonne.

Source : Business Times 

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