Palm futures lifted by export data

KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives ended slightly higher yesterday, lifted by export data, dealers said.

“The market is a lot quieter these days as macro economic sentiment remains uncertain,” a dealer said, referring to the eurozone debt crisis.

Spot month June 2012 shed RM4 due to selling pressure.

However, July 2012 appreciated RM4 to RM3,102, August 2012 added RM2 to RM3,098 and September 2012 rose RM5 to RM3,094 a tonne.

Volume decreased to 42,462 lots from 45,218 lots last Friday, while open interest slipped to 115,044 contracts from 117,052 contracts.

On the physical market, May South was flat at RM3,120 a tonne.

Source: Business Times

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