CPO Futures Down on Profit-taking

KUALA LUMPUR: Crude palm oil futures contract on Bursa Malaysia Derivatives closed mostly lower yesterday, dealers said.

A dealer said the market was on an extended profit-taking, which could make the price trade sideways.

Spot month September 2012 fell RM21 to RM2,940 a tonne, October 2012 was RM17 lower at RM3,010, November 2012 declined RM15 to RM3,058, and December 2012 fell by RM3 to RM3,097.
Volume rose to 42,610 lots from 31,968 lots while open interest jumped to 165,725 from 156,855 contracts previously.

On the physical market, September South lost RM10 to RM2,940 a tonne.

Source : Business Times

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