CPO Futures Down on Profit Taking Activities

CRUDE palm oil (CPO) futures on Bursa Malaysia Derivatives closed

lower yesterday on profit taking following huge gains recently, dealers

said.

The market was further weighed down by losses in US soyabean futures and China’s Dalian Commodity Exchange, they said.

The

August 2011 contract lost RM5 to close at RM3,170 per tonne and

September 2011 shed RM26 to RM3,121. October 2011 went down by RM35 to

RM3,101 per tonne and November 2011 decreased RM40 to RM3,091.

On the physical market, August South was down RM10 to RM3,170 per tonne. – Bernama

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