KUALA LUMPUR: Crude palm oil futures contracts closed slightly lower yesterday affected by slow demand for the commodity. Phillip Futures investment analyst David Ng said the slowing demand had put pressure on prices despite a fall in output.

April 2014 rose RM10 to RM2,839 a tonne while May 2014 and June 2014 eased RM4 each to RM2,767 a tonne and RM2,737 a tonne respectively and July 2014 declined RM2 to RM2,703 a tonne.

Turnover rose to 50,203 lots from 45,894 lots on Monday while open interest increased to 236,684 contracts from 231,427 previously.

On the physical market, April South rose RM10 to RM2,870 a tonne. Bernama

Source : New Straits Times