Palm Futures Lower on Profit-taking

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives ended lower yesterday prompted by profit-taking activities, dealers said.

They said the market was also relatively quiet on lack of buying interest from refiners.

At close, spot month August 2012 and September 2012 shed RM58 each to RM3,042 a tonne and RM3,056 a tonne, respectively.

October 2012 declined RM69 to RM3,062 a tonne and November 2012 fell RM58 to RM3,068.

Volume declined to 24,317 lots, from 29,738 lots, registered on Monday while open interest decreased to 105,951 contracts, from 107,969 contracts, recorded previously.

On the physical market, July South depreciated RM20 to RM3,080.

 

Source : Business Times

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