CPO Futures Down by Profit-Taking

CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed lower yesterday on profit-taking, said a dealer.

She said the bearish market was also due to moderate export data released by cargo surveyor Societe Generale de Surveillance.

December 2011 ended RM60 lower at RM3,200 a tonne, January 2012 fell RM65 to RM3,195, February 2012 and March 2012 dropped RM57 each to RM3,191 and RM3,188 respectively.

Turnover fell to 39,088 lots while open interest increased to 131,975 contracts.

On the physical market, November Southdeclined RM60 to RM3,200 a tonne.

Source: Business Times

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