Palm Futures End Broadly Lower

CRUDE palm oil futures on Bursa Malaysia Derivatives were lower yesterday as traders were worried over a build-up in palm oil stock levels from Malaysia and Indonesia arising from increased supply availability.

July 2011 fell by RM51 to RM3,080 a tonne, August 2011 declined RM66 to RM3,050, September 2011 slipped RM75 to RM3,042 and October 2011 eased RM69 to RM3,040.

Turnover fell to 29,371 lots from 31,566 lots last Friday and open interest slipped to 115,534 contracts from 117,009 previously.

On the physical market, July South ended RM40 lower at RM3,110 from June South RM3,150 on Friday.

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