CPO Futures Lower on Profit-Taking

CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking activities, dealers said.

December 2011 contract fell RM25 to close at RM3,229 a tonne, January 2012 slipped RM28 to RM3,218, February 2012 and March 2012 declined RM29 each to RM3,212 and RM3,211.

Turnover rose to 41,278 lots from 45,495 lots on Wednesday while open interest was 132,924 contracts against 136,174 on Wednesday.

On the physical market, November south fell RM30 to RM3,230 a tonne.

Source: Business Times

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