CPO Futures’ Winning Run End

CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday after four straight days of gains, dealer said.

At

the close, the November 2010 and December 2010 dropped RM55 each to

settle at RM3,337 and RM3,349 a tonne respectively, January 2011 shed

RM43 to RM3,353 and February 2011 fell RM44 to RM3,351.

Total

volume fell to 29,159 lots from 33,441 lots on Thursday while open

interest rose to 74,477 contracts from 73,537 previously.

On the physical market, November South was RM50 lower at RM3,360 from Thursday’s RM3,410.

Source : Business Times

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