KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on a lack of demand, dealers said.
Interband Group Senior Palm Oil Trader Jim Teh said the traders traded cautiously in wary of India possibly raising its import tax.
March 2013 lost RM15 to RM2,375 a tonne, April lost RM13 to RM2,387, May 2013 shed RM13 to RM2,397 and June fell RM14 to RM2,405.
Turnover rose to 54,738 lots from 34,090 lots while open interest rose to 213,073 from 196,874 contracts previously.
On the physical market, March South slipped RM20 to RM2,360 a tonne.
Source : Business Times
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