CPO Futures Dip on Profit-Taking

CRUDE palm oil futures (CPO) on Bursa Malaysia Derivatives ended lower yesterday on profit-taking, dealers said.

They said the market fell despite the positive export data for the first 15 days of November.

November 2011 rose RM10 to RM3180 a tonne, December 2011 fell RM24 to RM3184 a tonne, January 2012 depreciated by RM19 to RM3176 a tonne and February 2012 slipped RM16 to RM3178 a tonne.

Turnover jumped to 45,423 lots from 14,825 lots on Monday, while open interest stood at 136,716 contracts.

On the physical market, November South held steady at RM3,200 a tonne.

Source: Business Times

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