Palm Futures Down After Rally Ends

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower yesterday amid profit-taking activities after the recent rally, but may still remain in the positive zone due to stronger export demand.

March 2014 eased RM2 to RM2,708 a tonne, April 2014 shed RM2 to RM2,716 a tonne, May 2014 dropped RM6 to RM2,708 a tonne, June 2014 decreased RM7 to RM2,697 a tonne, July 2014 diminished RM5 to RM2,683 a tonne and August 2014 declined RM5 to RM2,669 a tonne. 

Turnover dropped to 44,123 lots from 48,855 lots and open interest decreased to 225,981 contracts from 227,289 contracts. 

On the physical market, March South gained RM10 to RM2,730 a tonne.


Source : Business Times

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