Palm Futures Dip due to a Slower Export

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower due to a slowdown in exports at a time when inventory levels remain at record highs.

January 2013 and February 2013 declined RM9 each to RM2,190 and RM2,268 per tonne, March 2013 eased RM12 to RM2,330 and April 2012 eased RM9 to RM2,391 per tonne.

Turnover decreased to 25,722 lots, from 30,911 lots, while open interest decreased to 181,727 contracts, from 183,965 contracts recorded on Tuesday. 

On the physical market, January South was unchanged at RM2,150 per tonne.

Source : Business Times

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