Palm Futures Down on Little Buying Interest

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest.

Spot month June 2012 and nearby month July 2012 each shed RM13 to RM2,917 per tonne and RM2,946 per tonne, respectively, while August 2012 declined RM17 to RM2,948 per tonne and Sept 2012 depreciated RM6 to RM2,955 per tonne.

Volume decreased to 18,627 lots, from 26,461 lots previously, while open interest eased to 101,329 contracts from Tuesday’s 102,048 contracts.
On the physical market, June South shed RM30 to RM2,970 per tonne.

Source : Business Times

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