Palm Futures Slighly Lower at Close

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly lower yesterday on weaker external markets, a dealer said.

Spot month July 2012 moved between the RM3,430-RM3,470 range throughout the day but was pushed up slightly at the end of trading.

May 2012 fell RM5 to RM3,495 a tonne, June 2012 and August 2012 were unchnaged at RM3,489 and RM3,460, respectively, while July 2012 shed RM2 to RM3,477.

Volume rose to 34,170 from 25,759 lots while open interest fell to 116,458 from 118,581 contracts on Wednesday.

On the physical market, April South rose RM20 to RM3,500 a tonne.

Source: Business Times

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