Palm Futures End Moderately Lower

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended slightly lower yesterday on lack of buying interest, a dealer said.

“Persistent worries over higher stockpiles have pushed the traders to wait for the inventory to reduce before participating in the market,” he said. 

December 2012 rose RM5 to RM2,105 a tonne, while January 2013 lost RM13 to RM2,205, February 2013 eased RM10 to RM2,284 and March 2013 fell RM9 to RM2,348. 

Turnover fell to 37,095 lots from 42,981 lots, while open interest fell to 178,581 contracts from 184,637 previously.

On the physical market, December South lost RM20 to RM2,080 a tonne.

Source :  Business Times

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