Palm Futures Down as Traders Wait for Leads

KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on the lack of trading interest, dealers said.

A dealer said traders remained on the sidelines awaiting the outcome of the two-day European Union summit which began yesterday.

At close, July 2012 and August 2012 fell RM20 each to RM2,983 and RM2,991 a tonne respectively, September 2012 shed RM18 to RM2,998 and October 2012 depreciated by RM19 to RM3,000 a tonne.
Volume rose to 21,457 lots from 17,235 lots while open interest rose to 92,975 from 92,921 contracts previously.

On the physical market, June South fell by RM10 to RM3,000 a tonne.


Source : Business Times

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