Palm Futures Ends on High Note

KUALA LUMPUR: Crude palm oil futures contracts closed the week’s trading on a high note ahead of the long weekend and amid a weakening ringgit, dealers said.

The dealers added that volume was low with the market having closed at mid-day.

February 2014 was last quoted flat at RM2,535 a tonne, March 2014 added RM23 to RM2,564, April 2014 rose RM19 to RM2,563, May 2014 rose RM16 to RM2,555, June 2014 edged up RM10 to RM2,550 and July 2014 gained RM22 to RM2,546.

Turnover declined to 9,557 lots from 37,453 lots on Wednesday, while open interest fell to 193,243 contracts from 220,772 previously.

On the physical market, February South was unchanged at RM2,545.

Source Business Times

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