Palm futures end mostly lower

CRUDE palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly lower yesterday prompted by profit-taking activities and weaker export data released by two cargo surveyors, a dealer said.

May ended RM7 higher at RM3,412 per tonne, June shed RM6 to RM3,380 per tonne while July and August fell RM10 each to RM3,360 per tonne and RM3,351 per tonne, respectively

Turnover fell to 12,891 lots, from 19,959 lots recorded last Friday while open interest was lower at 105,998 contracts, from 107,100 contracts previously. On the physical market, May South rose RM10 to RM3,420 per tonne.

Source: Business Times

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