Palm Futures Fall as Players Take Profit

CRUDE palm oil (CPO) futures prices on Bursa Malaysia Derivatives

closed mostly lower yesterday as some players took profit after

Thursday’s gains, dealers said.

At close, December 2010 fell RM12 to RM3,360 per tonne while January 2011 was unchanged at RM3,306 per tonne.

February 2011 shed RM2 to RM3,274 and March 2011 declined RM9 to RM3,243 per tonne.

Volume declined to 12,214 lots from 20,047 lots Thursday, while open interests stood unchanged at 79,077 contracts.

On the physical market, December South declined to RM3,360 per tonne from RM3,380 per tonne Thursday.

Source : Business Times

Leave a Reply