Palm Futures Lower on Lack of Strong Interest

KUALA LUMPUR: Crude palm oil futures prices closed lower today on a lack of strong buying interest, dealers said. 

The dealers also said players were reluctant to take a heavy position due to the declining soya oil prices on the Dalian Exchange.

March 2013 slipped RM18 to RM2,382 a tonne, April 2013 lost RM18 to RM2,386, May 2013 was RM14 lower at RM2,397, and June 2013 fell RM13 to RM2,401. 

Turnover fell to 31,784 lots from 39,868 lots, while open interest slid to 197,035 from 203,879 contracts previously. 

On the physical market, March South declined RM10 to RM2,360.

Source : Business Times

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