CPO Futures Lightly Lower on Mild Profit Taking

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

The CPO futures started the day in positive territory backed by higher soya oil prices, they said.

At the close, the October 2010 contract dropped RM8 to RM2,727 a tonne while November 2010 was flat at RM2,680. December 2010 went down RM2 to RM2,671 and January 2011 fell RM4 to RM2,676.

Total volume declined to 9,509 lots from 14,279 lots on Wednesday while open interest rose to 66,343 contracts from 66,009 contracts previously.

On the physical market, October South dropped to RM2,740 a tonne from RM2,750 on Wednesday.

Read more: Business Times

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