Palm Futures Mostly Lower as Investors Take Profit

CRUDE palm oil futures prices on Bursa Malaysia Derivatives were

mostly lower at the close yesterday as market players continued to take

profit on the back of the stronger ringgit, dealers said.

The move by Bank Negara Malaysia to liberalise the ringgit further drove it to a 28-month high.

At

close, the September 2010 contract rose RM7 to RM2,742 a tonne.

October dropped RM3 to RM2,647, November fell RM15 to RM2,595 and

December declined RM19 to RM2,583.

Total volume dropped to 19,817 lots from 28,150 lots on Wednesday, while

open interest rose to 68,777 contracts from 65,245 previously.

On the physical market, August South was unchanged at RM2,760 a tonne.

Leave a Reply