Palm Futures Lower in Choppy Trading

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower yesterday in choppy trading, dealers said.

A dealer said the market, which saw active trading in the morning, was quiet in the afternoon.

September contract fell RM25 to RM3,115, October dropped RM20 to RM3,069, November decreased RM17 to RM3,025 and December was RM21 lower at RM3,010. 

Turnover, however, increased to 24,793 lots from 16,192 lots yesterday while open interest went down to 132,440 contracts from 133,068 contracts previously.

On the physical market, September South fell to RM3,120 per tonne from RM3,140 per tonne on Wednesday. 

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