Palm Futures Mostly Lower

KUALA LUMPUR: Crude palm oil futures prices closed mostly lower yesterday despite better shipment data released by two independent cargo surveyors, a dealer said.

According to Intertek Testing Services, exports of local palm oil products between September 1 to 25, rose 6.5 per cent to 1,238,312 tonnes from the 1,162,884 tonnes shipped during August 1 to 25.

October 2013 rose RM13 to RM2,324 a tonne, while November 2013 and December 2013 fell RM7 each to RM2,299 and RM2,294 respectively.

January 2014 declined RM9 to RM2,296. Volume rose to 25,376 lots from 24,678 lots yesterday, while open interest improved to 175,248 compared with 174,771 contracts previously. 

On the physical market, October South rose RM10 to RM2,340 a tonne.

Source : Business Times 

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