Palm Futures End Lower

KUALA LUMPUR: Crude palm oil futures contracts ended lower despite favourable production, stock and export data released by Malaysian Palm Oil Board yesterday.

Phillip Futures Sdn Bhd derivative product specialist David Ng said although prices were down, the underlying sentiment of the market was firmer.

July 2013 eased RM6 to close at RM2,390, August 2013 dipped RM23 to RM2,382, September 2013 decreased RM20 to RM2,377 and October 2013 shed RM15 to RM2,369 per tonne. 

Turnover rose to 37,350 lots from 32,508 lots while open interest increased to 219,883 contracts from 213,342.

On physical market, June South gained RM10 to RM2,400 a tonne.

Source : Business Times 

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