Palm Futures Lifted by Export Data

KUALA LUMPUR: Crude palm oil futures prices ended higher on the back of improved export data, gains in crude oil prices and a weaker ringgit against the US dollar.

July 2014 appreciated by RM6 to RM2,497 a tonne, August 2014 went up RM1 to RM2,491, September 2014 added RM1 to RM2,483 , while October 2014 gained RM1 to RM2,481 a tonne.

Volume rose to 36,373 lots from 31,076 lots on Tuesday, while open interest increased to 223,180 contracts from 217,811 previously.

On the physical market, July South was unchanged at RM2,520 a tonne recorded on Tuesday. Bernama


Source : New Straits Times

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