Palm Futures Down in Lacklustre Trading

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed lower in lacklustre trading yesterday with investors waiting for fresh leads to move the market, said a dealer.

Meanwhile, spot month December 2013 lost RM29 to RM2,562 a tonne, January 2014 decreased RM37 to RM2,557, February 2014 shed RM36 to RM2,556 a tonne and March 2014 depreciated by RM35 to RM2,559 a tonne. 

Volume decreased to 30,782 lots from 42,523 lots recorded on Monday, while open interest declined to 182,462 contracts from 194,529 contracts registered previously.

On the physical market, December South lost RM40 to RM2,560 a tonne.

Source : Business Times 

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