CPO futures dip on profit-taking

CRUDE palm oil futures prices closed lower prompted by profit-taking activities, in tandem with easier soya oil prices on the Chicago Board of Trade.

April 2011 was down RM35 at RM3,420 a tonne, May 2011 dropped RM33 to RM3,397, June 2011 trimmed RM44 to RM3,373 and July 2011 eased RM36 to RM3,372 a tonne.

Turnover rose to 31,116 lots, from 27,224 lots, yesterday while open interest slipped to 101,855 contracts, from 101,964 contracts, previously.

On the physical market, April South slipped RM30 to RM3,440 a tonne.

Source : Business Times

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