Palm Futures end Slightly Lower

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives closed slightly lower yesterday in tandem with regional bourses as traders sold some stocks in the run-up to the United States’ Federal Reserve stimulus.

Spot month September 2012 shed RM1 to RM2,714 a tonne, October 2012 dropped RM70 to RM2,803, November 2012 and December 2012 slipped RM75 to RM2,861 a tonne and RM2,911 a tonne, respectively.

Volume rose to 57,092 lots from 33,029 lots last Friday while open interest gained 176,863 contracts from 151,462 contracts last week.
On the physical market, September South was down RM100 to RM2,700 a tonne.

Source : Business Times

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