Palm Futures End Lower on Lack of Buyers

CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed

sharply lower yesterday on lack of buying interest, dealers said.

They said buyers were also waiting for the release of July 1-15

Malaysian palm oil exports on Friday by cargo surveyors, Intertek

Testing Services and Societe Generale de Surveillance.

July 2011

and August 2011 slipped RM34 each to RM3,031 and RM3,044 a tonne

respectively, September 2011 fell RM40 to RM3,034 and October 2011 lost

RM39 to RM3,031.

Turnover rose to 26,227 lots from 18,760 lots on Monday. Open interest

fell to 134,213 contracts from 134,358 contracts previously.

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