date:Aug 05, 2014
h a local commodities brokerage in Malaysia. But demand looks to be not as vibrant as what we saw in the month of July. We're a little sceptical whether we can maintain the momentum in August, the trader added. The benchmark October contract on the Bursa Malaysia Derivatives Exchange had edged down 0.7 percent to 2,268 ringgit ($709) per tonne by Monday's close.
Total traded volume stood at only 19,376 lots of 25 tonnes, compared with the average 35,000 lots. Palm oil output in the world's top