Palm Futures Prices End Lower

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday due to a firmer ringgit against the dollar, a dealer said.

The weak exports data for November was also seen weighing on prices. 

Spot month December 2013 lost RM13 to RM2,602 a tonne, January 2014 fell RM13 to RM2,637, February 2014 shed RM11 to RM2,643 and March 2014 declined RM9 to RM2,647. 

Volume decreased to 30,701 lots from 32,703 lots on Friday, while open interest eased to 179,842 contracts from 182,758 contracts previously. 

On the physical market, December South lost RM10 to RM2,630 a tonne.

Source : Business Times

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