Palm Futures End Lower in Quiet Trade

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower in quiet trading after its recent gains, a dealer said.

“However, higher CPO exports in April and the likely rise in demand in the coming weeks is expected to offer support and boost prices.

May 2014 rose RM1 to RM2,691 a tonne, June 2014 declined RM12 to RM2,640 while both July 2014 and August 2014 lost RM13 each to RM2,623 and RM2,616, respectively.

Turnover increased to 36,572 lots from 30,550 lots while open interest rose to 222,815 contracts versus 216,696 contracts previously.

On the physical market, May South eased RM20 to RM2,700 a tonne. Bernama

Source : New Straits Times

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