CPO Futures End Easier on Profit-Taking

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

easier yesterday on profit-taking after Monday’s gains, dealers said.

However, losses were capped by the easing of the ringgit which touched

a two-year high on Monday, they said.

The drop in the CPO

futures was also in line with the slight decrease in crude oil prices

which hovered at US$84 a barrel on supply concerns.

The May 2010 contract fell RM17 to RM2,558 a tonne, June 2010 declined

RM6 to RM2,562, July 2010 dropped RM10 to RM2,550 and August 2010 shed

RM10 to RM2,545 .

Volume however, rose to 14,482 lots from

13,447 lots on Monday while open interests slipped to 66,735 contracts

from 68,733 previously.

On the physical market, May South rose

to RM2,580 from RM2,560 previously.

Source : Business Times

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