Palm Futures Sharply Easier

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia closed sharply lower yesterday, tracking losses in global equities markets owing to concerns over financial and economic malaise in the US and in the eurozone.

November 2012 lost RM50 to RM2,251 a tonne, December 2012 eased RM33 to RM2,297 a tonne, Jan 2013 shed RM69 to RM2,328 a tonne and Feb 2013 fell RM75 to RM2,375 a tonne.

Turnover fell to 37,323 lots from 43,064 lots before while open interest plummeted to 170,567 contracts from 172,609 contracts previously.

On the physical market, November South fell to RM2,260 a tonne from RM2,300 a tonne before.

Source : Business Times

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