Palm Futures Down on Profit-taking

KUALA LUMPUR: Crude palm oil (CPO) futures prices closed lower yesterday amid some profit-booking activities due to some pullback in global crude oil prices, a dealer said.

July 2014 eased RM12 to RM2,448 a tonne, August 2014 was down by RM11 to close at RM2,440, September 2014 declined RM16 to RM2,426 and October 2014 fell RM13 to RM2,426.

Volume decreased to 34,246 lots from 36,041 lots last Friday, while open interest narrowed to 227,656 contracts from 227,681 previously.

On the physical market, July South eased RM20 to RM2,480 a tonne from RM2,500 a tonne last Friday. Bernama


Source : New Straits Times

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