CPO Futures End Slightly Lower

KUALA LUMPUR: Prices of crude palm oil futures contracts closed slightly lower yesterday on profit-taking after recording sharp gains yesterday, a dealer said.

She said the local market also took a cue from the fall of soya oil prices.

“The market is also anticipating unfavourable data to be released by the Malaysian Palm Oil Board,” she said.

February 2012 and March 2012 fell RM13 each to RM3,097 per tonne and RM3,145 per tonne respectively, April 2012 slipped RM7 to RM3,148 per tonne while May 2012 decreased RM3 to RM3,146 per tonne.

Turnover increased to 24,972 lots from 19,683 lots while open interest increased to 114,984 contracts from 112,491 contracts

Source: Business Times

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