CPO Futures End Lower on Profit Taking

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

Weaker other vegetable oil prices also encouraged players to trim their position, they said.

At

the close, October 2010 fell RM37 to RM2,735 a tonne, November 2010

declined RM41 to RM2,679, December 2010 eased RM34 to RM2,674 and

January 2011 slipped RM33 to RM2,674 .

Total volume dwindled to 11,961 lots from 15,407 lots yesterday and

open interests eased to 66,630 contracts from 67,834 contracts on

Monday.

On the physical market, October South declined to RM2,750 a tonne from RM2,780 a tonne on Monday.

Source : Business Times

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