CPO Futures Retreat as Investors Take Profits

CRUDE

palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower

yesterday as investors continued to take profits from the recent

run-up, dealers said.

At the close, the November 2010 dropped

RM18 to RM3,070 a tonne while December 2010 lost RM12 to RM3,081.

January 2011 fell RM3 to RM3,087 and February 2011 declined RM5 to

RM3,086.

Overall volume, however, was higher at 16,325 lots

compared with 12,719 on Tuesday while open interest slipped to 71,259

contracts from 71,293 previously.

On the physical market, November South was down RM99 to close at RM3,100 a tonne.

Source : Business Times

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