Palm Futures Lower on Lacks of Buying Interest

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower yesterday on lack of buying interest following the stronger ringgit against the greenback, said a dealer.

Meanwhile, spot month December 2013 lost RM23 to RM2,591 a tonne, February 2014 decreased RM22 to RM2,592 a tonne while January 2014 and March 2014 both fell RM19 to RM2,594 a tonne.

Volume decreased to 42,523 lots from 43,636 lots last Friday while open interest rose to 194,529 contracts from 191,986 contracts registered previously. 

On the physical market, December South stood at RM2,600 a tonne.

Source : Business Times 

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