Palm Futures Mixed at Close

CRUDE palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday, dealers said.

Prices were expected to increase as the commodity was in short supply in major producing countries due to the wet weather, a dealer said.

January 2012 slipped RM1 to RM3,020 a tonne, February 2012 added RM1 to RM3,021, March 2012 was flat at RM3,020 and April 2012 shed RM7 to RM3,011.

Volume rose to 17,272 lots from Monday’s 16,811 lots while open interest declined to 115,017 contracts compared with 116,053 on Monday.

On the physical market, January South remained unchanged at RM3,030 a tonne.

Source: Business Times

Leave a Reply