Palm Futures end Mixed on Mild Buying

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed mixed yesterday on mild buying support, dealers said.

A dealer said traders were still cautious over the high level of stock despite slower productions for this month, but bearish demand for CPO products globally currently continued to threaten prices.

December 2012 rose RM10 to RM2,170 a tonne, January 2013 shed RM6 to RM2,320, February 2013 fell RM8 to RM2,386 and March 2013 added RM1 to RM2,436.

Turnover fell to 24,134 lots from 31,818 lots while open interest fell to 167,282 contracts from 171,428 previously.

On the physical market, December South dropped RM20 to RM2,140 from RM2,160 a tonne on Wednesday. 

Source :  Business Times
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