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MARKET DEVELOPMENT
Palm Futures Down in Quiet Trade
calendar30-03-2013 | linkBusiness Times | Share This Post:

30/03/2013 (Business Times) - Crude palm oil prices on Bursa Malaysia Derivatives closed lower in quiet trading yesterday as traders unwinded their positions ahead of the weekend break, a dealer said.

There were less trading in the market as traders remained on the sidelines, awaiting the release of this month's export data next week, the dealer said.

April 2013 was RM32 lower at RM2,340 a tonne, May 2013 declined RM33 to RM2,368 a tonne, June 2013 fell RM34 to RM2,378 a tonne and July 2013 tumbled RM33 to RM2,387 a tonne.

Turnover dwindled to 22,647 lots from 43,185 lots while open interest dipped to 176,611 contracts from 202,660 contracts recorded on Thursday.

On the physical market, March South depreciated by RM30 to close at RM2,370 a tonne.