Palm Futures Downtrend Continues

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed lower, failing to react to the encouraging end-March stock figures announced by the Malaysian Palm Oil Board yesterday, dealers said.

April 2013 and May 2013 both declined RM23 each to RM2,338 and RM2,360 a tonne respectively. June 2013 lost RM24 to RM2,371 a tonne and July 2013 dropped RM20 to RM2,381 a tonne.

Turnover rose to 34,101 from 29,311 lots, while open interest increased to 181,580 from 175,823 contracts.

On the physical market, April South declined RM30 to RM2,370 a tonne.


Source : Business Times 

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