Palm Futures Dip on Profit Taking Activities

CRUDE palm oil futures on Bursa Malaysia Derivatives ended lower on profit-taking activities yesterday, dealers said.

October 2011 and November 2011 decreased RM33 each to RM2,842 and RM2,830 a

tonne respectively, December 2011 lost RM20 to RM2,844 a tonne and

January 2012 shed RM32 to RM2,846.

Volume rose to 15,240 lots

from Wednesday’s 28,080 lots while open interest went up to 143,285

contracts, from 142,442 recorded on Wednesday .

On the physical market, October South fell RM15 to RM2,860 a tonne.

Source: Business Times

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