KUALA LUMPUR: Crude palm oil futures contracts closed lower yesterday, tracking the weaker soybean oil market, dealers said.

Meanwhile, Phillip Futures derivative product specialist, David Ng said the prices retraced for another day on anticipation of higher production and lower export numbers prior to cargo surveyors report.

June 2014 slipped RM39 to RM2,590 a tonne, July 2014 declined RM41 to RM2,551, August 2014 fell RM43 to RM2,537 a tonne, while September 2014 lost RM42 to RM2,532 a tonne.

Turnover rose to 35,971 lots from 30,881 lots while open interest was up at 220,204 from 214,777 contracts previously.

On the physical market, June South slipped RM30 to RM2,620 a tonne. Bernama

Source : New Straits Times