Palm Futures End Lower as Oil Prices Fall

THE crude palm oil futures market closed lower following a drop in

global crude oil prices, dealers said.

US crude oil fell below

US$77 (US$1.00 = RM3.25) per barrel yesterday on expectation that the

yuan would appreciate further.

July and August declined RM26

each to RM2,450 and RM2,404 per tonne, respectively, while September and

October decreased RM28 each to RM2,377 and RM2,365 per tonne,

respectively.

Volume slipped to 12,268 lots, from 13,643 lots on Monday, while open

interest edged up to 78,095 contracts from 77,443 contracts, previously.

On

the physical market, June South declined RM20 to RM2,490 per tonne

Source : Business Times

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