CPO Futures Dip as Investors Lock in Gains

KUALA LUMPUR: Crude palm oil futures closed mostly lower yesterday as investors locked in profits.

Dealers said market optimism was capped by a dismal export performance in the first half of this month.

February 2013 was down RM38 to RM2,346 a tonne, March 2013 shed RM57 to RM2,361, April 2013 dwindled RM50 to RM2,378 and May 2013 declined RM48 to RM2,400.

Turnover rose to 45,433 lots from 35,249 lots while open interest rose to 218,417 from 203,747 contracts yesterday.

On the physical market, February South fell RM20 to RM2,230 a tonne.

Source : Business Times

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