Palm Futures End Weaker

KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, tracking the weakness in soyabean oil market amid the absence of market players ahead of key industry data out next week, dealers said.

April 2013 rose RM43 to RM2,380 a tonne, May 2013 and June 2013 fell RM4 each to RM2,383 and RM2,392 a tonne, while July 2013 lost RM5 to RM2,398 a tonne. 

Turnover decreased to 23,044 lots from 31,672 lots, while open interest fell to 169,497 contracts from 179,955 contracts on Wednesday.

On the physical market, April South lost RM30 to RM2,350 a tonne.


Source : Business Times

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