CPO: Profit-taking Sets In

KUALA LUMPUR: The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended the week softer on profit-taking, dealers said.

At the close, spot month August 2012 and September 2012 both declined RM15 each to RM3,010 per tonne and RM3,025 per tonne respectively.

October 2012 eased RM3 to RM3,042 per tonne and November 2012 decreased RM4 to RM3,050 per tonne.

Volume depreciated to 25,325 lots from the 31,771 lots registered on Thurs-day, while open interest appreciated to 107,844 contracts from 107,105 contracts previously.

On the physical market, July South added RM5 to RM3,010 a tonne. Bernama


Source : Business Times

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