CPO Slightly Weaker

KUALA LUMPUR: Crude palm oil futures on Bursa Malaysia Derivatives closed slightly weaker on continuous profit-taking yeterday, a dealer said.

She said the futures fell today with traders cautious ahead of the data on Monday that could show high inventory in the Southeast Asian country.

Spot month September 2012 and October 2012 slid RM31 to RM2,809 a tonne and RM2,865 , November 2012 was RM21 lower at RM2,927 a tonne and December 2012 dwindled RM25 to RM2,964 a tonne.

Volume fell to 44,575 lots from 45,071 lots previously while open interest slipped to 152,834 contracts from 161,096 contracts seen ppreviously.

On the physical market, September South lost RM40 to RM2,800 a tonne. Bernama

Source : Business Times

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