Palm Futures Down on Profit-taking

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended lower as traders booked profits at higher levels amid the weakness on the soyaoil futures contract of the Chicago Board of Trade.

Spot month September 2013 declined RM13 to RM2,380 per tonne, October 2013 dropped RM10 to RM2,344 per tonne, November 2013 was RM4 lower to RM2,329 per tonne and December 2013 decreased RM5 to RM2,323 per tonne. 


Volume advanced to 47,286 lots from 39,337 lots on Monday while open interest rose to 221,699 from 217,589 contracts previously.


Source : Business Times 

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