Palm Futures Dip on Profit-Taking

CRUDE palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, dealers said.

A

dealer said profit-taking surged after the benchmark October contract

hit a one-month high of RM3,164 amid positive export data which raised

hopes of higher exports.

August and September lost RM24 each to

RM3,133 and RM3,131 per tonne respectively, October went down RM23 to

RM3,130 and November declined RM22 to RM3,129.

Turnover dropped to 22,636 lots from 33,205 lots. On the physical market, July South was down RM10 to RM3,150 per tonne.

Source : Business Times

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