Palm Futures Lower on Weak Sentiment

KUALA LUMPUR: Crude palm oil futures prices ended lower yesterday as weak sentiments curbed demand for the commodity, a dealer said.

July 2014 and August 2014 eased RM10 each to RM2,487 and RM2,481 a tonne, respectively, September 2014 trimmed RM13 to RM2,470, while October 2014 slipped by RM12 to RM2,469 a tonne.

Volume widened to 43,886 lots from 36,373 lots on Wednesday, while open interest increased to 231,817 contracts from 223,180 contracts previously.

On the physical market, July South added RM5 to close at RM2,525 from what was recorded previously. Bernama

 

Source : New Straits Times

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