Palm Futures Weaken

KUALA LUMPUR: Crude palm oil (CPO) futures ended lower yesterday despite bullish palm oil export data, dealers said.

Cargo surveyor Societe Generale de Surveillance noted that the country’s palm oil products for June 1-June 20 rose 13.6 per cent to 916,768 tonnes from 807,232 previously. 

July 2013 declined RM9 to RM2,457 a tonne, August 2013 slipped RM9 to RM2,472 a tonne, September 2013 fell RM10 to RM2,462 a tonne and October 2013 decreased RM11 to RM2,453 a tonne

Turnover decreased to 11,035 lots from 24,452 lots and open interest increased to 204,978 contracts from 192,723 contracts .


On the physical market, July South was unchanged at RM2,480 a tonne.


Source : Business Times 

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