CPO Futures Down on Profit-Taking

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

September

2011 contract fell by RM8 to close at RM3,100 a tonne, October 2011

decreased RM14 to RM3,016, November was down RM19 to RM2,975 and

December 2011 declined by RM13 to RM2,967.

Turnover increased to

23,511 lots from 20,899 lots on Thursday while open interest fell to

127,529 contracts from 130,218 contracts previously.

On the physical market, September South declined RM5 to RM3,110 a tonne.

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