CPO Futures Dip on Profits Taking Activities

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said.

They said the market was also quiet on lack of buying interest from refiners.

July 2012 declined RM57 to RM3,053 a tonne, August 2012 slipped by RM57 to RM3,069, September 2012 shed RM48 to RM3,082 and October 2012 lost RM49 to RM3,087.
 
Volume slipped to 27,591 lots from 27,643 lots while open interest fell to 131,106 contracts from 131,361 contracts previously.

On the physical market, July South fell RM50 to RM3,100 a tonne.

Source : Business Times

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