Palm Futures Eases on Profit-taking

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after last week’s strong rally.

March 2014 shed RM7 to RM2,769 a tonne, April 2014 fell RM17 to RM2,760, and May 2014 eased RM14 to RM2,741.

June 2014 lost RM15 to RM2,717 a tonne, July 2014 decreased RM18 to RM2,688 and August 2014 was RM16 lower at RM2,670.

Turnover dropped to 45,780 lots from 47,313 lots on Friday and open interest decreased to 229,936 contracts from 242,082 contracts previously.

On the physical market, March South was unchanged at RM2,800 a tonne. Bernama

Source : New Straits Times 

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