Palm Futures Down on China Factor

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower, influenced by the slowing economic growth in China, which is the world’s biggest consumer of the commodity, a dealer said.

At the close, April 2014 declined RM29 to close at RM2,689 a tonne while May 2014 and June 2014 eased RM21 to RM2,635 and RM2,613, respectively.

July 2014 was down by RM17 to RM2,600. Turnover rose to 48,794 lots from 36,123 lots on Monday and open interest improved to 226,606 contracts from 214,488 previously.

On the physical market, April South slipped RM20 to RM2,740 a tonne. Bernama

Source : New Straits Times 

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