CPO Futures Down on Profit-taking

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

On the futures market, January 2011 declined by RM162 to end at RM3718 a tonne. February 2011 rose RM7 to RM3,699, March 2011 decreased RM30 to RM3,650 and April 2011 was down by RM51 to RM3,592.

Turnover dropped to 20,245 lots from 22,663 lots last Friday while open interests rose to 89,170 contracts from 87,677 contracts previously.

On the physical market, January South was unchanged at RM3,730 a tonne compared to last Friday.

Source: Business Times

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