CPO Futures Down on Profit Taking

PRICES on the crude palm oil (CPO) futures market ended lower on

profit-taking activities ahead of the weekend, dealers said.

OSK

Research, in its research note, said that near-term outlook for the

commodity remained bearish.

July 2010 eased RM6 to RM2,451 per

tonne, August 2010 declined RM4 to RM2,409 per tonne, September 2010

fell RM6 to RM2,384 per tonne and October 2010 slipped RM7 to RM2,373

per tonne.

Turnover was down at 8,947 lots, from 12,431 lots on Thursday, while

open interest was unchanged at 76,131 contracts.

On the physical

market, June South was flat at RM2,480 per tonne.

Source : Business Times

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