Crude Palm Oil Futures Prices Closed Lower

KUALA LUMPUR: Crude palm oil futures prices closed lower yesterday on the back of profit taking in light of recent gains.

Phillip Futures Sdn Bhd specialist David Ng said the slide was also due to regional macro-economic weakness as investors avoided taking risky positions in commodities.

June 2013 fell RM33 to RM2,326 a tonne, July 2013 shed RM35 to RM2,369, August 2013 lost RM27 to RM2,372 and September 2013 shed RM24 to RM2,369. 

Volume fell to 22,280 lots from 35,262 lots while open interest dipped to 96,222 contracts from Wednesday’s 210,511 contracts.

In the physical market, May South edged down RM20 to RM2,350 a tonne. Bernama

Source : Business Times 

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