Down on Profit-taking

KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking after Wednesday’s strong gains. 

March 2014 eased RM15 to RM2,815 a tonne and April 2014 fell RM35 to RM2,794 a tonne, while May 2014 shed RM31 to RM2,779 a tonne. June 2014 lost RM23 to RM2,758 a tonne, with July 2014 and August 2014 sliding RM16 each to RM2,731 and RM2,710 a tonne respectively. 

Turnover dropped to 34,197 lots from 57,115 lots on Wednesday and open interest decreased to 209,817 contracts from 235,764 contracts. 

On the physical market, March South was unchanged at RM2,830 a tonne. Bernama

Source : Business Times

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