Palm Futures End Lower

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday as market players keenly await release of the March production and stock figures today.

Spot month April and May both declined RM9 to RM2,361 and RM2,383 a tonne respectively, while June and July lost RM5 to RM2,395 and RM2,401 a tonne respectively.

Turnover rose to 29,311 lots from 26,880 lots recorded on Monday and open interest increased to 175,823 contracts from 174,408 contracts registered previously. On the physical market, April South advanced RM20 to RM2,400 a tonne.

Source : Business Times 

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