Palm Futures Dip on Weak Exports

KUALA LUMPUR: Crude palm oil futures prices closed lower yesterday, tracking weak export figures for the 25 days of the month, dealers said. 

Cargo surveyor Societe Generale de Surveillance said exports of oil palm products from March 1 to March 25 eased seven per cent to 1.055 million tonnes versus 1.134 million tonnes last month. 

April 2013 shed RM32 to RM2,428, May 2013 declined RM30 to RM2,455, June 2013 eased RM31 to RM2,462 a tonne and July 2013 fell RM31 to RM2,464 a tonne. 

On the physical market, March South dipped to RM2,430 a tonne from RM2,460.


Source : Business Times 

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