Palm Futures Down on Lack of Buying Support

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on lack of buying support for the commodity from the biggest consumers.

At the close, July shed RM7 to RM2,369 per tonne, August dropped RM7 to RM2,378, September eased RM9 to RM2,376 and October dipped RM10 to RM2,369.

Turnover decreased to 28,252 lots from 35,307 lots last Friday while open inte-rest fell to 207,192 contracts from 213,253 contracts previously.

On the physical market, June South rose RM10 to RM2,380 a tonne.


Source :  Business Times 

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