Palm Futures End Lower Hit By Profit-taking

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

December 2011 and January 2012 slipped by RM38 each to close at RM3,052 per tonne and RM3,083 per tonne respectively while February 2012 and March 2012 lost RM37 each to close at RM3,085 and RM3,089 per tonne respectively.

Turnover decreased to 17,804 lots from 29,689 lots while open interest rose to 124,156 contracts from 123,818 contracts.

On the physical market, December South fell RM30 to end at RM3,100.

Source: Business Times

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