CPO Futures Dip as Profit-Taking Sets In


palm oil futures prices ended lower yesterday prompted by profit-taking

activities as players were cautious ahead of the release of December

export data, dealers said.

Cargo surveyors Intertek Testing

Services and Societe Generale de Surveillance will unveil December 1-15

Malaysian palm oil exports data today.

At the close, December

2010 and January 2011 slipped RM50 each to RM3,650 a tonne and RM3,720

respectively. February 2011 eased RM42 to RM3,680 tonne and March 2011

fell RM40 to RM3,620.

Total volume was reduced at 24,180 lots from 26,915 lots on Monday but

open interest rose to 88,997 contracts from 86,685 previously.

On the physical market, December South stood unchanged at RM3,720 a tonne.

Source : Business Times

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