Palm Futures Down in Choppy Trade

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives ended easier yesterday amid a volatile market.

Jim Teh, senior palm oil trader, Interband Group of Companies said most of the foreign fund managers pulled out from the market, making trade less attractive.

July 2012 lost RM19 to RM3,094 a tonne, August 2012 fell RM44 to RM3,110, September 2012 and October 2012 shed RM34 each to RM3,130 and RM3,133 respectively.
Volume fell to 26,272 lots from 34,937 lots while open interest fell to 130,635 from 133,992 contracts on Thursday.

On the physical market, July South went down by RM30 to RM3,120 a tonne.


Source : Business Times

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