Palm Futures Down on Profit-taking

KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to close lower yesterday on an extended profit-taking, a dealer said.

She said the CPO price moved downwards towards the end of trading due to the long liquidation.

Spot month September 2012 fell RM48 to RM2,840 a tonne, October 2012 and November 2012 was RM42 lower at RM2,896 a tonne and RM2,948 a tonne and December 2012 dropped RM44 to RM2,989 a tonne.
Volume rose to 45,071 lots from 32,372 lots on Wednesday while open interest added 161,096 contracts from 149,861 contracts before.

On the physical market, September South lost RM60 to RM2,840 a tonne.

Source :  Business Times

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