Palm Futures end Lowest this Month

KUALA LUMPUR: Crude palm oil futures closed at the lowest this month so far amid concerns of record palm oil stocks and a weak global economy, dealers said.

Interband Group Senior Palm Oil Trader Jim Teh said there was little physical activity with most traders away on their year end holidays.

December 2012 fell RM60 to RM2,045 a tonne, January 2013 lost RM49 to RM2,141, February 2013 dropped RM54 to RM2,238 while March 2013 decreased RM49 to RM2,316.

Turnover fell to 35,105 lots from 38,386 lots while open interest fell to 183,813 contracts from 188,461 contracts.

On the physical market, December South eased RM10 to RM2,060 a tonne.

Source : Business Times
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