Palm Futures End Flat to Slightly Lower

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed unchanged to slightly lower yesterday on slowdown in demand as fall in inventories.

Malaysian Palm Oil Board reported yesterday Malaysia’s June inventories fell 9.4 per cent to 1.65 million tonnes.

Both July 2013 and August 2013 remain unchanged at RM2,390 and RM2,382 respectively, September 2013 eased RM5 to RM2,372 and October 2013 shed RM6 to RM2,363 per tonne. 

Turnover dropped to 27,033 lots from 37,350 lots, while open interest decreased to 207,177 contracts from 219,883 contracts on Wednesday. 

On physical market, June South was unchanged at RM2,400 a tonne.

Source : Business Times 

You can share this posts:

Leave a Reply