Palm Futures Dips on Rising Output

KUALA LUMPUR: Crude palm oil (CPO) futures prices on Malaysia Derivatives Exchange continued the downtrend yesterday, weighed by rising output and inventories in producing countries, coupled with sluggish demand.

At close, June 2014 fell RM24 to RM2,386 a tonne, July 2014 decreased RM24 to RM2,392 a tonne, while August 2014 dipped RM27 to RM2,385 a tonne and September 2014 erased RM26 to RM2,385 a tonne.

Volume increased to 39,327 lots from 27,327 lots on Monday while open interest advanced to 210,934 contracts from 198,781 contracts previously.Bernama

 

Source : New Straits Times

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