Palm Futures Dip on Weakening Demand

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives ended mostly lower on dwindling demand from China and India.

Traders were also cautious ahead of the release of June end-stocks and production figures.

Both August 2013 and September 2013 fell RM4 each to RM2,296 and RM2,276 per tonne, respectively.

October 2013 shed RM1 to RM2,258 but November 2013 gained RM2 to RM2,255 a tonne. Volume dwindled to 25,430 lots and open interest fell to 208,574 contracts.

August South gained RM20 to RM2,320 per tonne.

Source : Business Times

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