Palm Futures Down in Quiet Trade

KUALA LUMPUR: Crude palm oil (CPO) futures prices closed lower in quiet trading yesterday, dealers said.

Phillip Futures specialist David Ng said the market declined on firm export demand, rebound in soyaoil prices in Chicago and a weaker ringgit versus the dollar.

At close, June 2014 fell RM1 to RM2,508 a tonne, July 2014 was unchanged at RM2,505 per tonne, August 2014 shed RM2 to RM2,503 and September 2014 decreased RM4 to RM2,502 a tonne.

Volume rose to 32,308 lots, from 31,371 lots, while open interest rose to 211,446 contracts from 208,733.

On the physical market, June South stayed at RM2,520 a tonne. Bernama

Source : New Straits Times

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