KUALA LUMPUR:Crude palm oil futures contract on Bursa Malaysia Derivatives closed lower yesterday on expectations that output will increase this month against the backdrop of slower exports, a dealer said.
Meanwhile, spot month December 2013 lost RM18 to RM2,622 a tonne while January 2014, February 2014 and March 2014 all depreciated RM12 to RM2,630 a tonne, RM2,630 and RM2,630 a tonne, respectively.
Volume decreased to 32,920 lots from 42,487 lots on Friday while open interest slipped to 187,276 contracts from 191,226 contracts previously.
On the physical market, December South lost RM20 to RM2,630 a tonne. Bernama
Source : Business Times