Palm Futures end Marginally Lower

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed marginally lower yesterday, dealers said.

Phillip Futures derivative product specialist, David Ng, said that the market was lower as the demand from China slowed due to sluggish economy in that country. 

July 2013 shed RM4 to RM2,333 a tonne, August 2013 increased RM4 to RM2,342, September eased RM4 to RM2,339 and October 2013 fell RM7 to RM2,332.

Turnover rose to 35,891 lots from 23,062 lots while open interest rose to 205,327 from 194,643 contracts previously.

On the physical market, June South fell RM10 to RM2,360 a tonne.

Source : Business Times 

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